The seasonal rental specialist is doing better than before the pandemic, as shown by the results for the third quarter.
Airbnb posted revenue of $2.2 billion in the third quarter, 36% more than in the third quarter of 2019. Over the same period, net profit was $834 million. This is “our most profitable quarter of all time, almost 4 times higher than a year ago”, assures a press release. Adjusted Ebitda exceeds one billion dollars, which is also a record.
“The third quarter was Airbnb’s best quarter yet,” said Airbnb co-founder and CEO Brian Chesky. The pandemic has brought about a revolution in the way we live, work and travel and we are constantly innovating to respond to this new way of traveling and living. »
Over 40% of gross nights booked in Q3 2021 were within 300 miles of home, compared to 32% in Q3 2019. Additionally, gross nights booked to rural destinations increased by more than 40% over two years. Nevertheless, urban travel is gradually returning, but often outside the most emblematic cities.
