Airbnb Touts Its Resilience to Any Kind of 'Economic Shock'
Photo Caption: Guests in a Mexico City Airbnb.
Skift Take
Companies like Airbnb might be diversified enough to hedge against certain challenges. Still, no company is immune from economic downturns and calamities.
Want to pick a winner in nearly any kind of economic environment? Well, Airbnb is a smart bet — according to Airbnb.
That was one of the messages from Airbnb Chief Financial Officer Dave Stephenson and co-founder and CEO Brian Chesky Tuesday as they reviewed the company's strong financial results in the second quarter.
The company brought home $379 million in net income in the second quarter compared with a $68 million net loss a year earlier. Revenue increased 58 percent in the quarter to $2.1 billion, and the company's profit margin was 18 percent, a jump of 43 percentage points.
Nights and experiences booked rose 25 percent year over year to 103.7 million.
"I think we've highlight
