Feb 26, 2021 11:43:00

Private lodging brokerage service 'Airbnb' reports a decrease of more than 90 billion yen from the previous year

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Open Grid Scheduler / Grid Engine

Airbnb, a private lodging facility brokerage service, released its financial results for the fourth quarter of 2020 (October to December) and 2020 on February 15, 2021. The financial results report reveals that the number of reservations has decreased significantly due to the impact of the new coronavirus infection (COVID-19), and revenue has decreased by 30% compared to 2019.

Airbnb_Q4-2020-Shareholder-Letter_Final.pdf
(PDF link) https://s26.q4cdn.com/656283129/files/doc_financials/2020/q4/Airbnb_Q4-2020-Shareholder-Letter_Final.pdf

Airbnb Fourth Quarter and Full Year 2020 Financial Results

https://news.airbnb.com/airbnb-fourth-quarter-and-full-year-2020-financial-results/

According to the financial report released by Airbnb, the revenue in the second quarter of 2020 (April to June) was 335 million dollars (about 35.6 billion yen), and the revenue of 1,214 million dollars (about 1290) in the fourth quarter of 2019 It was down 72% from (100 million yen). After that, in the fourth quarter of 2020, it generated revenue of 859 million dollars (about 91.3 billion yen), which is a 22% decrease compared to 1.1 billion dollars (about 116.9 billion yen) in the fourth quarter of 2019. Succeeded in. Total revenue in 2020 was 3.4 billion dollars (about 361.3 billion yen), a decrease of 30% from 4.8 billion dollars (about 510 billion yen) in 2019.

In addition, the number of overnight guests booked on Airbnb in the fourth quarter of 2020 was 46.3 million (down 39% year-on-year), and the total number of guests in 2020 was 103.2 million (down 41% year-on-year). The decrease in users due to the COVID-19 epidemic was clearly shown.

In addition, Airbnb posted a loss of $ 3.9 billion in the fourth quarter of 2020. 'Of the $ 3.9 billion loss, $ 2.8 billion is related to the

December 2020 stock listing,' Airbnb said. In addition, Airbnb said that 'the revenue in 2020 will be less than half of 2019 due to the influence of COVID-19'. 'Airbnb's performance in 2020 showed Airbnb's resilience and adaptability. Airbnb is focusing on travel demand, which is expected to gradually recover in the future,' said Brian Chesky, CEO of Airbnb. It claims that Airbnb's revenue decline was less than expected.

In addition, the daily newspaper of the United States The New York Times is 'market capitalization of Airbnb strains, by expectations of growing travel demand after the pandemic convergence, rising to have up to 1200 billion dollars (about 12.7 trillion yen)' and says ..