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Airbnb's Record Shows the Third Quarter Is the Charm

Dennis Schaal photo
Dennis Schaal

Photo Credit: A woman working in an Airbnb garden home. The company expects people to stay longer, travel at different times of the year and to new destinations, making working and living more flexible than in the past. Airbnb

Skift Take

While you have to toss out Covid-ravaged 2020 as any kind of a barometer for a company's trajectory, during the last two-and-a-half years, Airbnb has only made a profit during its third quarters. If remote working becomes entrenched in coming years, then that can indeed help with Airbnb's seasonality issues.

Looking back over the last two-and-a-half years, third quarter financial reporting periods, which include the peak summer travel months of July, August and September, have been the company's only profitable ones — and Airbnb expects a blockbuster third quarter of 2021. Since 2019, Airbnb has posted net losses every quarter with the exception of the third quarter of 2019, when it recorded net income of $267 million, and the third quarter of 2020, when the company was $219 million in the black on the basis of generally accepted accounting principles, or GAAP. While recording net losses of $1.2 billion in 2021's first quarter, which was impacted by paying

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