Reported 28 days ago
Airbnb (ABNB) posted a larger-than-expected profit in Q4, causing share prices to spike in after-hours trading. Revenue rose 12% to $2.5 billion, while net income reached $461 million, marking a significant turnaround from a loss of $349 million the previous year. Bookings also increased by 12%, and gross booking value was up 13% to $17.6 billion. Despite an encouraging outlook, Airbnb anticipates Q1 revenue to fall slightly below analyst expectations and warned of potential foreign exchange impacts on future growth.
Source: YAHOO