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Airbnb Posts 19% Revenue Jump as Chesky Hails ‘Growth Mode’

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Airbnb Posts 19% Revenue Jump as Chesky Hails ‘Growth Mode’ Airbnb Inc. Chief Executive Officer Brian Chesky said his company is back in “growth mode” after it posted the fastest revenue gain in three years and boosted full-year guidance for a third time. Third-quarter revenue grew 19% to $4.87 billion, exceeding the highest estimate compiled by Bloomberg.

Airbnb Posts 19% Revenue Jump as Chesky Hails ‘Growth Mode’ Airbnb Inc. Chief Executive Officer Brian Chesky said his company is back in “growth mode” after it posted the fastest revenue gain in three years and boosted full-year guidance for a third time. Third-quarter revenue grew 19% to $4.87 billion, exceeding the highest estimate compiled by Bloomberg. The closely watched metric of nights and experiences booked and earnings per share also surpassed estimates, thanks to resilient travel demand and other product features introduced over the past year, including deferred payments and more flexible cancellation policies.
Chesky Hails (PERSON) Brian Chesky (PERSON) Bloomberg (ORG)
Originally published by Bloomberg Technology Read original →