Airbnb Posts $3.89 Billion Q4 Loss

By Jesse Sokolow on 25 February 2021
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Golden Gate Bridge in San Francisco

Airbnb announced financial results for fourth quarter of 2020, its first report as a public company.

The company, which had its IPO in December of last year, reported a loss of $3.89 billion on revenue, on revenue of $859 million in the quarter.  Revenue was 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 of 2020, and Q4 2020 gross booking value was $5.9 billion, down 31% compared to the same period in 2019.

The company reported 46.3 nights and experiences in the fourth quarter, a figure that was down 39% over the same period one year prior.

Airbnb was founded in San Francisco in 2007 and hosts an online marketplace for lodgings that are primarily at private residences.

(Photo: Accura Media Group)

Accura News

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