4 Takeaways From Airbnb's Second Quarter Report
Photo Credit: Family travel in Airbnbs. The company is reducing is reliance on U.S. revenue compared with last year. Airbnb
Skift Take
Airbnb's revenue stream wasn't as internationally diverse in the second quarter as it was pre-pandemic, but it is slowly creeping back to that level as international markets open.
From the onset of a U.S. Treasury Department probe into attempted payments to hosts at sanctioned Russian banks to restructuring costs related to its work from home policy, Airbnb's second quarter financial filing had interesting factoids that didn't receive broad notice.
Office of Foreign Assets Control ProbeAirbnb said the Office of Foreign Assets Control, a unit of the U.S. Treasury Department, began a civil investigation into “certain payment instructions involving attempted payouts to Hosts’ bank accounts at sanctioned Russian banks.”
Airbnb said it “identified certain transactions that may potentially im
