Airbnb revenues jumped 300% but the company is warning about delta

  • 📰 CNBC
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 72%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Airbnb's revenue came in at $1.34 billion, up nearly 300% year-over-year.

Airbnb beat Wall Street's expectations for revenue and bookings in the second quarter, but the company warned about expected volatility from the Covid delta variant.

The company said vaccination progress and containment of new variants will be variables that impact how the company performs in the fourth quarter.Airbnb CEO Brian Chesky attends the Cannes Lions on June 20, 2016, in Cannes, France.stock on Thursday fell more than 3% after the company reported its second-quarter earnings. The company beat Wall Street's expectations for revenue and bookings but warned about expected volatility from the Covid delta variant.$1.34 billion vs. $1.

Airbnb's net loss narrowed to $68 million for the quarter, down more than 88% from a net loss of $575.6 million a year prior. In its letter to shareholders, the company warned that it is bracing for volatility as a result of the Covid-19 delta variant. Airbnb said it expects delta to affect travel behavior, specifically in regards to how often and when guests book and cancel.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 12. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Doximity shares jump after digital health company says revenue doubled in first report since IPODoximity said revenue in the fiscal first quarter climbed to $72.7 million from $36.4 million a year earlier.
La source: CNBC - 🏆 12. / 72 Lire la suite »