Business > Travel

Airbnb's Q2 revenue falls by almost 70%

1 month ago   |   By The Real Deal New York

Airbnb's revenue fell by a reported 67 percent in the second quarter, as the startup weathered the fallout from a halt in global travel. The company's quarterly revenue plunged to $335 million - down from more than $1 billion in the same period last year, according to Bloomberg, which cited sources familiar with the matter. By contrast, Airbnb generated $842 million in sales in the first quarter, the publication said. The company reportedly posted a
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Airbnb's revenue reportedly plunged 67% in the second quarter as COVID-19 wreaks havoc on its business

Airbnb's revenue reportedly plunged 67% in the second quarter as COVID-19 wreaks havoc on its business

1 month ago   |   By Business Insider

Airbnb's revenue plummeted 67% in the second quarter compared to the same period last year, according to Bloomberg .
The steep drop-off is a reflection of the impact of COVID-19, which has restricted travel across the globe.
The company reportedly brought in just $335 million in revenue during the period ended June 30, down from more than $1 billion in the same period last year.
Visit Business Insider's homepage for more stories .
Airbnb is feeling the impact of the COVID-19 pandemic - the short-term rental startup's revenue plunged 67% in the second quarter of 2020, according to Bloomberg...
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