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Airbnb Sees Signs of Rebound; Loss Widens on Debt Payment


Airbnb Sees Signs of Rebound; Loss Widens on Debt Payment
Bloomberg
5/13/2021
Olivia Carville
(Bloomberg) Airbnb Inc. beat analysts’ estimates for bookings in the first quarter, reflecting pent-up demand for travel after a year of Covid-19 restrictions. But the lingering effects of the pandemic could still be seen as the company’s loss ballooned, a result of repayment of debt it took on during the height of the crisis.
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The San Francisco-based company, which went public in December, reported $10.3 billion in gross bookings in the three months ended March 31, a 52% increase from the year earlier period and well beyond the $7.57 billion analysts’ had predicted. Revenue rose 5% to $887 million, also beating analyst’s projections. ....

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Airbnb Sales Beat Estimates, Showing Demand Amid Covid Surge


Airbnb Sales Beat Estimates, Showing Demand Amid Covid Surge
Bloomberg
2/26/2021
Olivia Carville
© Bloomberg
The Airbnb Inc. application is displayed on an Apple Inc. iPhone and iPad in this arranged photograph in Washington, D.C., U.S., on Friday, March 21, 2014.
(Bloomberg) Airbnb Inc. reported quarterly revenue that blitzed analysts’ estimates, benefiting as travelers chose vacation rentals during a holiday season marred by rising Covid-19 cases.
The company didn’t give a financial forecast and it was cautious about 2021, keeping a lid on share gains in extended trading.
Releasing its financial results for the first time as a public company on Thursday, Airbnb showed sales of $859 million in the final three months of 2020, a decline of only 22% from a year earlier. Analysts had been projecting $739.7 million, according to data compiled by Bloomberg. Nights and experiences booked, a metric that represents the total numb ....

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Airbnb, DoorDash set to report first results with COVID waning


Airbnb, DoorDash set to report first results with COVID waning
Katrina Lewis and Brody Ford, Bloomberg News
Unicorn IPOs cap off tech s big year
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(Bloomberg) Airbnb Inc. and DoorDash Inc. are set to report their first financial results as publicly traded companies Thursday, offering investors a glimpse of how their businesses fared during the last quarter of 2020 when COVID-19 cases were surging again.
While the fourth-quarter numbers will be important for investors to gauge how the two are managing their operations, what they’ll really be looking for are comments about the future, when coronavirus lockdowns ease, vaccines become more widespread and people begin traveling and going to restaurants again. Airbnb is expected to benefit from the waning days of the pandemic as people venture further from home while DoorDash has seen a boom from more delivery orders while people ordered in. ....

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