Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Despite COVID Restrictions, Airbnb Revenue at $6B

Stockhouse Editorial
1 Comment| February 16, 2022

{{labelSign}}  Favorites
{{errorMessage}}

It has been an awkward couple of years for online alternative accommodation travel agency Airbnb Inc. (NASDAQ: ABNB, Forum), given its business model is fairly at-odds with COVID-19 restrictions, but in its fiscal year 2021 report, the company says its revenues continue to roll in.

In its filings, the company reported continued strength in nights and experiences booked in North America, EMEA and Latin America, all of which have driven significant year-over-year growth at $300.6 million (USD) a 56% year over year jump from 2020.

Pointing to strength of its recovery, the company also noted that revenue for both Q4 and FY 2021 were $6 billion (USD) up nearly 80% year-over-year and exceeded 2019 levels.

Even more impressive is its gross booking value, which clocked in at $46.9 billion (USD) for the year. Both Q4 and FY 2021 saw significant increases in GBV from a year ago as well as from pre-COVID periods in 2019.

Q4 revenue of $1.5 billion (USD) was 38% higher than Q4 2019. It also exceeded Q4 2020 revenue by nearly 80%. Both year-over-two-year and year-over-year revenue growth rates were further improvements from those achieved in Q3 2021 of 36% and 67%, respectively, despite the impact of the Omicron variant in December 2021.

Looking ahead, the company stated that, for the first time since the pandemic began, the expectation is that Q1 2022 nights and experiences booked will significantly exceed Q1 2019 levels, which is believed will result in Airbnb’s strongest quarterly nights and experiences booked on record.

Have you booked a stay on Airbnb, or through any travel or hotel company frequently, since the pandemic began, or have you been keeping it “close to home”? Let us know your thoughts in the comments below.


{{labelSign}}  Favorites
{{errorMessage}}

Comments

No comments yet. Be first to comment!

Leave a Comment

You must be logged in to be able to post a comment.

Get the latest news and updates from Stockhouse on social media

Follow STOCKHOUSE Today