Airbnb has boosted Wall Street’s expectations for the coming months as it prepares for a bumper summer travel season after the loosening of Covid-19 restrictions across the world.
The property-sharing group cited robust demand across America and Europe, reporting that business had eclipsed 2019 levels in some markets over Easter.
It projected revenue of between $2.03 billion and $2.13 billion in the three months to the end of June, ahead of analyst forecasts of about $1.96 billion. Shares in Airbnb rose by 5.2 per cent, or $7.50, to $152.59 during after-hours trading last night. The group, based in San Francisco, was founded in 2008 and has a market value of $92.3 billion. It listed in December 2020.
Revenue rose 70 per cent to $1.51 billion