Almost half of Airbnb's $6 billion in earnings last year were through Dublin firm

  • 📰 thejournal_ie
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 50%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

The $2.82 billion in revenues recorded by the Dublin-based firm account for 47% of Airbnb's global revenues of $5.99 billion last year.

Image: Shutterstock NEARLY HALF OF Airbnb’s $6 billion in earnings last year came through the main Irish arm of the company.

The main Irish arm of Airbnb returned to profit last year to record pre-tax profits of $121.49 million . Global revenues for the first nine months of this year confirm the ‘significant growth’ with revenues of $6.49 billion – an increase of $2 billion or 33% on the corresponding period for 2021. The note states that “the shift to a remote work model is a direct response to the change in how employees work due to the impact of Covid-19”.

Last year, combined salary and share-based payments costs totalled $48.17 million and average pay, including the share based payments, totalled $133,063.Last year, the profit took account of non-cash depreciation costs of $4.53 million and foreign exchange losses of $13.53 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 32. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines