{"id":29249,"date":"2021-02-26T11:23:37","date_gmt":"2021-02-26T17:23:37","guid":{"rendered":"https:\/\/www.ceo-na.com\/?p=29249"},"modified":"2021-03-01T09:36:36","modified_gmt":"2021-03-01T15:36:36","slug":"airbnb-reports-loss-but-beats-revenue-expectations-in-quarterly-earnings","status":"publish","type":"post","link":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/news\/airbnb-reports-loss-but-beats-revenue-expectations-in-quarterly-earnings\/","title":{"rendered":"Airbnb reports loss but beats revenue expectations in quarterly earnings"},"content":{"rendered":"<p><strong>Airbnb reported a loss of $3.89 billion in its first earnings report since its IPO late last year.<\/strong><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p>Short-term rental booking company\u00a0Airbnb\u2019s\u00a0stock bounced as high as up 4% and down as much as 1%\u00a0in after-hours trading on Thursday as the company posted growing losses and a decline in revenue and bookings in\u00a0<a href=\"https:\/\/s26.q4cdn.com\/656283129\/files\/doc_financials\/2020\/q4\/Airbnb_Q4-2020-Shareholder-Letter_Final.pdf\">its fourth-quarter earnings<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>The company posted a net loss of $3.89 billion in the fourth quarter. That was down 1,005% from a loss of $352 million a year prior. Airbnb attributed much of the loss to charges related to the company\u2019s initial public offering in December.<\/p>\n<p>&nbsp;<\/p>\n<p>Revenue fell to $859 million, down 22% year-over-year from $1.11 billion. Fourth quarter revenue was also down nearly 36% from $1.34 billion in the third quarter.<\/p>\n<p>&nbsp;<\/p>\n<p>The company also announced that it is expecting the year-over-year decline in first-quarter revenue will be less than that of the decline the company saw in the fourth quarter.<\/p>\n<p>&nbsp;<\/p>\n<p>Airbnb said it anticipates that year-over-year comparisons for gross booking value and nights and experiences booked in the first quarter will be higher than those a year prior but lower than the first quarter of 2019.<\/p>\n<p>&nbsp;<\/p>\n<p>The company said it continues \u201cto have limited visibility for growth trends in 2021 given the difficulty in determining the pace of vaccine roll-outs and the related impact on willingness to travel.\u201d<\/p>\n<p>&nbsp;<\/p>\n<p>Thursday\u2019s earnings report is Airbnb\u2019s first since the company\u00a0<a href=\"https:\/\/www.cnbc.com\/2020\/12\/10\/airbnb-ipo-abnb-starts-trading-on-the-nasdaq.html\">went public in December<\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Airbnb reported a loss of $3.89 billion in its first  [&#8230;]<\/p>\n","protected":false},"author":21,"featured_media":29251,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1338],"tags":[4479,1264,821],"class_list":["post-29249","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-turism","tag-airbnb","tag-vacations"],"_links":{"self":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/29249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/comments?post=29249"}],"version-history":[{"count":1,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/29249\/revisions"}],"predecessor-version":[{"id":29260,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/posts\/29249\/revisions\/29260"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media\/29251"}],"wp:attachment":[{"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/media?parent=29249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/categories?post=29249"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/servidor-mxigen1.com\/ceona-antiguo\/wp-json\/wp\/v2\/tags?post=29249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}