Airbnb Revenue Climbs on Record Nightly Bookings and Higher Prices
Home-sharing giant expects to post its first full-year profit this year
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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