When the pandemic first hit one of the world’s most valuable start-ups saw its private value nearly halved. Now as hotels suffer but vacation rentals boom, Airbnb CEO Brian Chesky is reportedly planning to file for a long-awaited IPO.
Mike Segar | Reuters
Airbnb reported better-than-expected results on Tuesday and gave an upbeat forecast for the second quarter, as the company sees a rebound in travel coming out of the pandemic.
The shares rose more than 6% in after-hours trading.
Here are the key numbers:
- Loss per share: 3 cents vs 29 cents expected by analysts, according to Refinitiv.
- Revenue: $1.51 billion vs $1.45 billion expected, according to Refinitiv.
Revenue in the first quarter surged…
Source cnbc.com