AirBnb lost $3.9 billion; CEO positive travel will return with vaccine rollout

AirBnB is also investing heavily in the platform's experience to make booking/hosting stays simpler


Alfred Lee

28 Feb, 2021

AirBnb lost $3.9 billion; CEO positive travel will return with vaccine rollout | BEAMSTART News

- From our Sponsors -

AirBnb posted a loss of $3.9 billion for Q4 2020 in the company's first earnings report since it went public back in December.

The company generated $859 million in revenue in the same period — down 22% from a year earlier (just before the outbreak of the global pandemic).

According to the report, a large part of AirBnb's loss was due to IPO-related costs, alongside $827 million in accounting adjustments for an emergency loan the company took out to survive the pandemic.

The AirBnb App.

Despite massive losses, AirBnb CEO Brian Chesky is optimistic that travel will eventually recover and the company will flourish once again.

He predicts that post-pandemic travel will likely be driven by longer stays, as more people are able to work from home virtually today.

Airbnb is also investing heavily in customer experience, with plans to significantly simplify the platform to allow users to book/host stays in under 10 minutes.

Chesky also added that he is hopeful that the rollout of the vaccine will lead to a "post-pandemic travel boom" that will continue to favor AirBnB over the traditional hotel industry.

"We have been encouraged by our continued resilience and recovery, and are optimistic about the upcoming travel rebound. We do believe the travel rebound is coming and we think it’s going to be a very big rebound," mentioned Brian Chesky, CEO of AirBnB.

- From our Sponsors -

Latest Jobs

Strategy Analyst - New Products

Corgi

California,

Full Time

USD 100000 — USD 140000 yearly

Business Analyst

AiPrise

Full Time

USD 1500000 — USD 1800000 yearly

Executive Assistant & Operations

Greptile

California,

Full Time

USD 80000 — USD 100000 yearly

Intern, Sales and Strategy

Givefront

California,

Internship

USD 40000 — USD 60000 yearly

Customer Success Manager

SnapMagic

California,

Full Time

USD 120000 — USD 170000 yearly

Head of SMB Sales / Success

Tank Payments

Texas,

Full Time

USD 75000 — USD 110000 yearly

Machine Learning Researcher Engineer

BoldVoice

New York,

Full Time

USD 140000 — USD 200000 yearly

Technical Account Manager

CozmoX AI

Full Time

USD 50000 — USD 120000 yearly

Technical Customer Success Manager

Brainbase Labs

California,

Full Time

USD 80000 — USD 150000 yearly

Backend Engineer

REVER

Full Time

USD 40000 — USD 70000 yearly

BEAMSTART is a hub for everything Startups, Entrepreneurship, and Innovation. Connect with a global community of people, and stay updated with the latest startup jobs, news, and discussions.

 
© 2016 - 2025 BEAMSTART. All Rights Reserved (Legal).