Airbnb 4Q profit and revenue rise on bookings, higher rates

KIFI

Published February 14, 2023 2:40 PM

By DAVID KOENIG
AP Business Writer

DALLAS (AP) — Airbnb has reported fourth-quarter profit and revenue that exceed Wall Street expectations. The company is still riding the recovery in travel from the pandemic-era lows of a couple years ago. Airbnb said Tuesday that it earned $319 million, or 48 cents per share, in the fourth quarter. Thanks to more bookings and strong nightly rates, revenue rose 24% to $1.9 billion. According to a FactSet poll, both the per-share earnings and the revenue topped analysts’ expectations. San Francisco-based Airbnb says it’s seeing strength in all regions of the world. Most of its U.S. business is domestic, but it’s seeing a pickup in cross-border travel too.

Article Topic Follows: AP National Business

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