Simple Joe
2022-11-13

$Airbnb, Inc.(ABNB)$  revenue bounced back in 2022 as pent-up travel demand drove a surge in bookings. The company reported its highest-ever quarterly revenue figure of $2.9 billion.

Net income swelled 46% year over year to a quarterly record high of $1.2 billion, and free cash flow increased to $960 million. Airbnb saw close to 100 million nights and experiences booked -- up 25% on a year-over-year basis.

Airbnb shares are down 38% year to date.

 

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