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Airbnb shares down following despite huge earnings

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Airbnb shares are down after the company reported its earnings and fears over the delta variant

The company beat Wall Street’s expectations for revenue and bookings but warned about expected volatility from Covid.

The company reported 83 million nights and experiences booked, up 29% from the first quarter.

Those figures where up a hopping 197% year over year after the travel industry collapsed a in 2020 amid the Covid-19 pandemic.

“In the last few weeks, we had our biggest night ever in the US and our biggest night globally since the pandemic began, with more than 4 million guests staying at an Airbnb listing.”

Analysts had expected 79.2 million nights and experiences booked.

Airbnb revenue came in at $1.34bn

Revenue came in at $1.34 billion, up nearly 300% year over year

While Airbnb has benefited from a US domestic travel boom linked to rising vaccination rates and easing restrictions, international sales remain stifled, and the delta variant has raised further doubts for the future.

Airbnb’s net loss narrowed to $68 million for the quarter, down more than 88% from a net loss of $575.6 million a year prior.

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The integral step to entering the property market

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In the debate surrounding housing affordability, a divergence emerges between media portrayals and stark realities. While the crisis is often depicted as insurmountable, critics argue that individuals tend to blame external factors rather than taking personal responsibility.

Despite challenges, advocates urge a shift from despair to possibility, emphasizing personal agency and proactive pursuit of homeownership goals. Thus, while acknowledging the hurdles, reframing the discourse empowers individuals to navigate the housing market with resilience and determination, making the dream of owning a home a tangible reality for those willing to seize it. #Trending #Featured

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LA real estate agent reveals the secret to success

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What does it take to be a top performing real estate agent?

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark delves into the fast paced world of LA luxury real estate with renowned agent, Glen Coutinho from Rodeo Realty Beverly Hills. #wyld money #trending

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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