Hold Airbnb responsible: Airbnb earns $379M in second quarter

From Arkansas Online:

Airbnb earned $379 million in the second quarter on record bookings and rising rates, and the short-term rental giant announced plans to spend up to $2 billion to buy its own stock.

The results showed a reversal from losses in the second quarter of both last year and 2019. Airbnb said third-quarter revenue would be between $2.78 billion and $2.88 billion on “slightly higher” average rental prices. Analysts expect $2.77 billion.

Airbnb has benefited from the increase in travel and the exodus of workers from offices during the covid-19 pandemic.

Bookings in the second quarter were about one-fourth higher than last year and 2019, but their gross value of $17.0 billion was slightly below analysts’ forecast of more than $17.1 billion, according to FactSet.

Continue reading Airbnb earns $379M in second quarter on Arkansas Online

Do you have a complaint about Airbnb, such as withholding a refund or cancellation fees? Please tell us your issue and we’ll reach out if and when we can help.


Read More:

FairShake is aggregating links to consumer news stories across the web. We claim no rights to the snippets featured.

Latest news

Verizon customers take note: Verizon’s Loss May Well Be Mint Mobile’s Gain

From Forbes: For the past year or so, everyone in our household has noticed the Verizon Wireless service degrading. As...

Editorial: The siren song of the Sprint-T-Mobile deal, says Los Angeles Times

From Los Angeles Times: Promises, promises. T-Mobile and Sprint, the third- and fourth-most popular mobile phone networks, respectively, have made...

Airbnb customers take note: “Stranger Things” home under contract and headed to Airbnb

From The Real Deal: Fans of the Netflix series “Stranger Things” found a real-life portal into The Upside Down by...

Latest Airbnb customer news: “Stranger Things” Home Sells for 2X Price, Heads to Airbnb

From The Real Deal: Fans of the Netflix series “Stranger Things” found a real-life portal into The Upside Down by...

Hold T-Mobile responsible: NLRB Knocks T-Mobile Email Discipline After DC Circ. Rebuke

From Law360: The National Labor Relations Board said Friday that T-Mobile violated federal labor law by reprimanding a customer...

Take action against AT&T: Spectrum And AT&T Escape Suit Over Database Error

From Law360: By Piper Hudspeth Blackburn (September 30, 2022, 6:58 PM EDT) -- A Michigan appeals court has upheld the...

You might also likeRELATED
Recommended to you