Airbnb Inc. announced on Thursday that its revenue in the fourth quarter of fiscal 2024 came in at $2.5 billion, increasing 12% year over year and exceeding analysts' expectations. Net income in the reported period rose on an annual level to $461 million compared to a net loss of $349 million in...
Although some of the most anticipated global players have already released their fresh financial results, this week investors' attention will turn to some of the leading Asian companies. Namely, SoftBank is expected to unveil its report on Wednesday, followed by Sony, Nissan, and Honda on Thursday.In...
Airbnb Inc. announced on Wednesday that it decided to offer free temporary housing to people affected by wildfires in Los Angeles, California."To support residents who have been displaced from their homes or forced to evacuate by the wildfires, Airbnb.org is working with 211 LA, which serves...
Airbnb Inc. revealed on Thursday that its revenue in the third quarter of fiscal 2024 stood at $3.7 billion, increasing by 10% compared to the same period in the previous year and exceeding the analysts' expectations. The company's net income came in at $1.4 billion, plummeting by 68.65%...
The French parliament voted on Thursday in favor of legislation regulating short-term rentals such as Airbnb. The bill includes changes to tax reductions for furnished tourist accommodation without a star rating from 50% to 30% up to €15,000. Meanwhile, accommodation with a star rating will see its...
Airbnb Inc. shared on Tuesday in a press release the latest updates on the progress of New York City's "unprecedented short-term rental regulation," Local Law 18 (LL18), criticizing its impacts."It's time for New York City to re-evaluate LL18 and consider amendments that would at a minimum, allow...
Airbnb Inc.'s shares plunged by more than 14.5% on Wednesday after reporting an annual decline in its second-quarter net income and diluted earnings per share (EPS).The rental service's Class A Common Stock nosedived by 14.64% at 9:42 am ET to sell for $111.375.
Airbnb Inc. unveiled on Tuesday that its revenue in the second quarter of fiscal 2024 came in at $2.75 billion, jumping 11% compared to the same period a year prior.In the three months ending June 30, compared to the same timeframe a year ago, net income plunged by 14.6% to $555 million,...
Airbnb Inc. unveiled on Wednesday that its revenue in the first quarter of fiscal 2024 came in at $2.14 billion, jumping 18% on an annual level.In the three months ending March 31, compared to the same timeframe a year ago, net income skyrocketed 125% to $264 million, while diluted earnings...
Tesla Inc. CEO Elon Musk revealed his vision of the company's future, likening it to a blend of AirBnB and Uber.
In the company's latest earnings conference call, Musk said he foresees a fleet of vehicles, some owned by Tesla and others by users who can choose when to deploy them, akin to the...
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