Airbnb Shares Jump After Record Quarter on Travel Rebound
- Revenue and profit hit records in third quarter despite delta
- CEO Chesky says Covid has fundamentally changed travel trends
Photographer: Andrew Harrer/Bloomberg
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Airbnb Inc. shares surged Friday after the company reported record sales and earnings, proving the vacation-rental giant’s resilience even as the delta variant of Covid-19 prompted new travel concerns and restrictions.
Revenue grew 67% to $2.2 billion in the third quarter, Airbnb said Thursday in a statement. Analysts forecast $2.07 billion, according to data compiled by Bloomberg. Net income of $834 million far exceeded Wall Street’s expectation of $456.2 million. The shares jumped as much as 12%, the most since February, to $200.52.