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Airbnb hits record net income and revenue in Q3 2021

Airbnb, the online marketplace for short-term rentals and accommodations, hit net income and revenue all-time highs during the third quarter of 2021.

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The company announced $834 million in net income—an increase of 280% year over year—and $2.2 billion in revenue—an increase of 67% from last year.

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An increase in vaccination rates and relaxation of travel restrictions helped propel Airbnb towards its strongest quarter ever with bookings increasing by 29% compared to 2020—ultimately helping the company surpass 1 billion in cumulative guest arrivals.

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“The pandemic has suddenly untethered tens of millions of people from the need to go into an office,”

said Airbnb’s CEO Brian Chesky.

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As more and more companies opt for flexible, hybrid work policies, Airbnb expects the growth in both short-term and long-term rentals to accelerate—allowing anybody to work remotely from any home around the globe.

Despite setting all-time records for revenue and income growth in Q3, Airbnb is forecasting revenue between $1.39-$1.48 billion in the fourth quarter due to travel seasonality. However, the company believes strong demand for travel will extend well into 2022 and beyond.


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