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Airbnb has reported its financial results for the second quarter of 2021. Airbnb reported revenues of $1.335 billion in the second quarter, a 10% increase in revenue compared to the same period in 2019, when the company was not affected by the coronavirus, according to its financial report. Airbnb also announced in its financial report that it expects to record record-high sales in the third quarter. At the same time, it is showing the possibility that the COVID-19 mutation will affect earnings after the fourth quarter.
Airbnb posted revenue of $1.214 billion in the second quarter of 2019, which was not affected by the coronavirus, but revenue fell to $335 million in the second quarter of 2020 due to the spread of COVID-19 infection. However, in the second quarter of this year, it posted revenue of $1.335 billion, an increase of 299% compared to the same period last year. This is an increase of 10% compared to the same period in 2019.
Airbnb also reported 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, its net loss for the second quarter of 2021 was significantly reduced to $68 million.
Looking at the number of reservations made by quarter, in 2020, which was affected by the spread of COVID-19, the number of reservations made was 28-67% less than in the same period in 2019, but in the first quarter of 2021, it decreased by 21% compared to the same period of 2019. In the second quarter of 2021, it can be seen that the number of established reservations recovered to the level of 2019, with a 1% decrease compared to the same period of 2019. According to Airbnb, the increase in the number of confirmed reservations is being affected by the recovery of travel demand to countries where COVID-19 vaccines are being vaccinated, such as the United States and some European countries.
According to the report, in addition to strengthening the accommodation and event search function in 2021, Airbnb simplified the process for host registration and implemented policies to increase the number of hosts, leading to an increase in sales.
In its closing report, Airbnb claimed that it would record record-high sales in the third quarter of 2021, driven by rising demand for summer travel. However, at the same time, he said that he does not know how the COVID-19 mutation epidemic and vaccination situation will affect travel demand, and it is revealing that there is an unstable element for the profit in the fourth quarter of 2021. Related information can be found here.
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