Third quarter earnings reports are rolling out, and we’re covering all the major real estate and mortgage brands for you. Next up: Airbnb.
The short-term rental giant posted a 280 percent year-over-year net income increase to $834 million in Q3. Additionally, the company announced it had brought in $2.2 billion in revenue, a 69 percent increase year-over-year.
According to the earnings report, Airbnb’s Q3 revenue was the highest ever.
“The travel rebound that began earlier this year accelerated in Q3, resulting in Airbnb’s strongest quarter ever,” as noted in a letter to shareholders. “This summer, we reached a major milestone of 1 billion cumulative guest arrivals as more people got vaccinated and travel restrictions were relaxed. Host earnings reached a record of $12.8 billion in the quarter, and active listings continued to grow.”