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.
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