Airbnb Inc. didn’t just stage a dramatic recovery from last year’s pandemic-induced slowdown this spring — it performed better than before COVID-19 upended everything.
Gross booking value climbed to $13.4 billion, blowing past analysts’ expectation of $11.56 billion. That’s a 320% increase year over year, and a 37% improvement over the second quarter of 2019. Nights and experiences booked rose 197% year over year to 83.1 million, though they were down 1% from the same period in 2019.
The lodging-booking company’s shares initially gained about 3% after hours Thursday, then dropped into negative territory. The stock rose 2% in the regular session to close at $151.15.
this is terrible news