Aug 13, 2021 11:37:00

Private lodging service 'Airbnb' records revenue of 140 billion yen, surpassing the record before the new corona epidemic

Airbnb, which develops private lodging facility brokerage services, reported its financial results for the second quarter of 2021 (April to June). According to the financial report, Airbnb recorded revenue of $ 1.335 billion in the second quarter of 2021 and was not affected by the new coronavirus infection (COVID-19) in 2019. It is clear that revenues have increased by 10% compared to the same period. In addition, Airbnb announced in its financial report that it is expected to record record high profits in the third quarter of 2021 (July to September). It also shows that mutant strains of the new coronavirus may affect earnings from the fourth quarter of 2021 onwards.

Airbnb_Q2-2021-Shareholder-Letter_Final.pdf
(PDF file) https://s26.q4cdn.com/656283129/files/doc_financials/2021/q2/Airbnb_Q2-2021-Shareholder-Letter_Final.pdf

Airbnb second quarter 2021 financial results
https://news.airbnb.com/airbnb-second-quarter-2021-financial-results/

Airbnb Revenue Nearly Quadrupled in Second Quarter --WSJ
https://www.wsj.com/articles/airbnb-revenue-nearly-quadruples-in-second-quarter-11628800764

Airbnb recorded $ 1.214 billion in revenue in the second quarter of 2019, which was unaffected by COVID-19, but in the second quarter of 2020, COVID- 19 Revenues have fallen to $ 335 million as a result of the spread of the infection. However, in the second quarter of 2021, it recorded revenue of $ 1.335 billion, up 299% year-on-year. This is a 10% increase over the same period in 2019.

In addition, Airbnb recorded a net loss of $ 297 million in the second quarter of 2019 and a net loss of $ 576 million in the second quarter of 2020. However, in the second quarter of 2021, the net loss decreased significantly to 68 million dollars (about 7.5 billion yen).

Looking at the number of open reservations for each quarter, in 2020, when the spread of COVID-19 infection began to affect, the number of open reservations decreased by 28% to 67% compared to the same period in 2019. In the first quarter of 2021, it decreased by only 21% compared to the same period of 2019, and in the second quarter of 2021, it decreased by 1% compared to the same period of 2019. increase. According to Airbnb, the increase in bookings is due to the recovery in travel demand in countries where the new coronavirus vaccine is being vaccinated, such as the United States and some European countries. thing.

In addition, the Wall Street Journal has strengthened the search function for accommodations and events since Airbnb entered 2021, and has implemented measures to simplify the procedure required for host registration and increase the number of hosts. He points out that the fact that he was there led to an increase in profits.

In its earnings report, Airbnb claims it expects to record record high revenues in the third quarter of 2021 due to increased travel demand during the summer. But at the same time, he said, 'I don't know how the epidemic of the new coronavirus mutant and the status of vaccination will affect travel demand,' he said. I have revealed.