Airbnb's Optimistic Revenue Outlook Despite $349 Million Italian Tax Dispute
TL;DR
Airbnb reported a $349 million loss in the fourth quarter due to an income tax settlement with Italy, but saw a rise in bookings and revenue, with strong demand expected ahead. The company plans to expand its rental platform in countries where it is not as strong as the United States, and its board approved a share-repurchase program of up to $6 billion. CEO Brian Chesky mentioned plans to go beyond its core business, but gave no details about the "multiyear journey," promising news later this year.
- Airbnb loses $349 million on Italian tax dispute but posts revenue gain, sees strong demand ahead Yahoo Finance
- Airbnb reports better-than-expected revenue and beats on guidance CNBC
- Airbnb’s stock falls despite revenue beat, positive guidance MarketWatch
- Airbnb sees Q1 revenue above Street estimates on strong international travel Yahoo Finance
- Airbnb Gives Optimistic Outlook Buoyed by International Trips Bloomberg
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