Driven by Covid vaccinations and the easing of travel restrictions in parts of the world, Airbnb notched its best quarter ever, shattering records for both profits and revenue.
The company’s net income rose 280 percent year over year to $834 million, its highest-ever, on revenue of $2.2 billion, which was likewise a company record. The revenue mark shattered its level in the third quarter of pre-pandemic 2019 by 36 percent, which Airbnb said reflected the travel recovery on its platform.
“This summer, we reached a major milestone of 1 billion cumulative guest arrivals as more people got vaccinated and travel restrictions were relaxed,” the company said in a shareholder letter on Thursday. “Host earnings reached a record $12.8 billion in the quarter, and active listings continued to grow.”
More to come
Subscribe to Skift newsletters for essential news about the business of travel.