Airbnb had 6.6 million units open for rent at the end of December, 16% more than a year ago (excluding China). DADO RUVIC / REUTERS
Airbnb had its best holiday season ever, with Q4 revenue of $1.9 billion. Its title took more than 9% Tuesday evening.
Airbnb had its best holiday season ever, with revenue of $1.9 billion for the fourth quarter of 2022, thanks to growth “solidin the number of bookings, according to an earnings release released Tuesday. Revenues from the housing reservation platform have thus increased by 24% over one year, despite a difficult economic context marked by inflation and massive social plans in the United States.
Above all, its net profit was almost multiplied by five, to 319 million dollars, well beyond market expectations. It’s the “fourth most profitable quarterin the history of Airbnb, underlined the Californian group. Its title took more than 9% during electronic trading after the closing of the New York Stock Exchange.
6.6 million housing units offered
Brian Chesky, the company’s boss, was also optimistic for the current quarter, with users who “always book in advance“. “Travelers have resumed visiting cities and traveling abroad. (This kind of travel) was Airbnb’s livelihood before the pandemic“, he said during a conference call.
Read alsoAirbnb had a great summer thanks to the strong resumption of travel
The platform had 6.6 million homes open for rent at the end of December, 16% more than a year ago (not including China). An acceleration of the offer that Brian Chesky put on the account of the attraction for individuals to generate additional income “often essential in these difficult times», but also service improvements.
Airbnb set up a system in the fall that allows neophyte hosts to be advised by experienced hosts, paid by the company. “The number of new active hosts recruited with the help of our ‘superhosts’ increased by 20%“, assured Brian Chesky. The platform has also added the possibility of verifying the identity of travelers and increased the amount of damage covered by its AirCover insurance.
In 2020, faced with the pandemic and health restrictions, Airbnb had to lay off a quarter of its workforce and review its priorities. “I had tried to create too many things at the same time“Brian Chesky explained to AFP last November. In all, in 2022, the service achieved 8.4 billion in turnover (+40% over one year).
TO HAVE ALSO – Bayonne: hundreds of demonstrators denounce the suspension of “anti-Airbnb” regulations