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Airbnb Revenue Climbs on Record Nightly Bookings and Higher Prices

Home-sharing giant expects to post its first full-year profit this year

Brian Chesky talks about his vision for the future of work that involves neither open-office floor plans nor the three-day hybrid workweek currently pursued by most companies, at the WSJ CEO Council. Photo: Simon Williams for Wall Street Journal

Airbnb said it expects to post its first full-year net profit this year after its revenue climbed 70% last quarter as people continued to book suburban rentals despite hosts raising prices.

The San Francisco company posted $1.5 billion in revenue in the three months through March. Analysts polled by FactSet on average had predicted $1.45 billion in revenue.

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