![]() Two years after the pandemic, Airbnb has had its best year ever across virtually all the metrics it tracks, and it expects 2022 will exceed that too. It now expects first-quarter revenue to be in the range of $1.41 billion to $1.48 billion, while Wall Street's consensus estimate was for revenue of $1.24 billion. Adjusted earnings before interest, taxes, depreciation, and amortization ( EBITDA) of $333 million was also the most ever recorded, and the results far exceeded analyst forecasts of $1.45 billion in revenue and $0.04 per share in earnings. ![]() ![]() ![]() Record results, with more to comeĪirbnb reported revenue of $1.53 billion in the quarter, up 78% from the year-ago period and generating record quarterly earnings of $55 million, or $0.08 per share. Almost half of the nights booked in the fourth quarter were for stays of a week or longer, some 20% booked for stays of a month or longer, and nearly 175,000 travelers booked stays for three months or longer.Īirbnb was already recruiting hosts to sign up for its extended-stay program, and now it's going to kick that effort into overdrive. This is altering how people view and use Airbnb as well as how the travel rental site sees itself. In its letter to shareholders for the fourth quarter of 2021, Airbnb said, "Nearly two years into the pandemic, it's now clear that we are undergoing the biggest change to travel since the advent of commercial flying.people are spreading out to thousands of towns and cities, staying for weeks, months, or even entire seasons at a time." And how people are traveling is being transformed as well. With tens of thousands (millions?) of people quitting their job - the so-called Great Resignation - that's made it difficult for retailers and others to staff their businesses. The pandemic seems to have changed everything. ![]()
0 Comments
Leave a Reply. |