Airbnb Q1 Earnings: Revenue Grows Above Pre-Pandemic Levels
Airbnb (NASDAQ: ABNB) is still recovering from the devastating effects on travel caused by the coronavirus pandemic. The online marketplace for lodging and vacation rentals' revenue cratered last year at the pandemic's onset as people hunkered down at home out of fear of contracting the virus. Simultaneously, hosts were reluctant to share their homes with guests.
Now, as hundreds of millions of people have been vaccinated against the virus and economies are reopening worldwide, travel is rebounding. It could not have happened a moment too soon for Airbnb.
Image source: Getty Images.
Source Fool.com
