The US-based company, which listed on the Nasdaq stock exchange in December 2020, recorded sales of $3.4 billion last year – down from $4.8 billion in 2019.
This drop was an improvement on earlier predictions that Airbnb’s sales could reduce by more than 50% in 2020 due to the pandemic – revenue was boosted by a stronger fourth quarter when sales only fell by 22% year-on-year.
Airbnb recorded a net quarterly loss of $3.9 billion between October and December, while its loss for 2020 was $4.6 billion. Although these losses were inflated by charges associated with its flotation.
