Airbnb results beat estimates as company weathers Delta crisis

The companies revenue grew 67 per cent to $2.2 billion in the third quarter, Airbnb said

Airbnb shares surged on Friday after the company reported record sales and earnings, proving the vacation-rental giant’s resilience even as the delta variant of Covid-19 prompted new travel concerns and restrictions.
 

Revenue grew 67 per cent to $2.2 billion in the third quarter, Airbnb said in a statement. 
 

Analysts forecast $2.07 billion, according to data compiled by Bloomberg. Net income of $834 million far exceeded Wall Street’s expectation of $456.2 million. The shares jumped as much as 12 per cent in early trade, the most since February, to $200.52.

CEO Brian Chesky has said the new travel trends born from