In a letter to shareholders, Airbnb said its revenue and the gross value of bookings are both double what they were before the pandemic.Īirbnb is getting a lift from people who are traveling while they take advantage of the ability to work remotely and stay away from the office. That was below analysts' average prediction of $2.42 billion. The company predicted that revenue in the second quarter, which includes the start of the peak summer travel season, would be around $2.40 billion. The company said bookings will grow more slowly than revenue in the April-through-June period, and the average daily rental rate will be “slightly lower” than a year earlier. However, Airbnb said second-quarter bookings growth won't look as robust as they did a year earlier, when consumers were busy booking travel after hunkering down at home during the outbreak of COVID-19's omicron variant.
“We have seen our highest number of active bookers ever despite continued macroeconomic uncerainty,” CEO Brian Chesky said during a call with analysts.
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