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.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
