Airbnb credited the global travel industry’s recovery, as well as its own belt-tightening, for record earnings in the third quarter, nearly quadrupling its profits compared with the same period last year.
The accommodation booking platform comfortably exceeded Wall Street’s expectations on revenues and net income, despite taking slightly fewer bookings than expected over the July-September period, typically its most lucrative quarter.
Net income of $834m was up 280 per cent on the pandemic-affected 2020 period — and 212 per cent higher than the same quarter in 2019.
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