(AOF) – Airbnb is expected to fall sharply in the pre-market on Wall Street after the presentation of its fourth quarter results, although higher than expectations. The rate of increase in nights booked should “moderate” in the first quarter of this year, according to the group, which anticipates a turnover between 2.03 and 2.07 billion dollars, against 2.03 billion expected. Airbnb recorded a net loss of $349 million due to the fine paid to the Italian tax authorities of 576 million euros. It had generated a profit of $319 million a year earlier.
Fourth-quarter revenue grew 17% year-on-year to $2.2 billion, compared to $2.17 billion expected. Reservations amounted to $98.8 million, up 12% year-on-year.
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