Airbnb has reported a 17% rise in quarterly revenue, ahead of analysts’ expectations.
The online short-term rental platform pulled in $2.22bn for the three months to the end of December, while analysts predicted $2.17bn.
However, losses at the San Francisco-based company were $349m, down from a profit of $319m for the same period last year. The loss included lodging tax reserves and non-recurring tax-withholding expenses of about $1bn.
Airbnb predicted that revenue for Q1 would be between $2.03bn and $2.07bn, again ahead of analysts’ expectations. It has launched a $6bn share buyback programme as it said 2024 would be an “inflection point” for its business.
