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Market Updates

Airbnb declined 6.2% to $141.43 despite the online booking platform reporting better-than-expected quarterly results.

Revenue in the quarter surged after the company attracted more first-time customers and expanded beyond its core markets in Europe, South America, and Asia. 

Gross booking value in the quarter increased 15% to $15.5 billion, and nights and experiences booked 12% to 98.8 million in the fourth quarter. 

Revenue in the fourth quarter rose 17% to $2.2 billion, net income swung to a loss of $349 million from a profit of $319 million, and diluted earnings per share were a loss of 55 cents compared to a profit of 48 cents a year ago. 

Active listings at the end of the fourth quarter increased by 1.2 million to 7 million around the world. 

Gross booking value in 2023 soared 16% from a year ago to $73.3 billion, and nights and experiences booked jumped 14% to 448.2 million. 


14 Feb, 2024

     

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