Let's chat through Airbnb's quarterly results' highlights and our occasional quibble as we digest a world for technology companies that appears increasingly like the pre-pandemic days.
What happened
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Why it matters
Today after the bell, home rental giant Airbnb reported its Q4 2021 performance. Its numbers detail a company that endured an awful start to the COVID-19 era, survived, and has come out the other end of demand disruption in perhaps better health than it entered.
The company’s profitability and improved revenues when compared to 2019 are a somewhat stark contrast to recent layoffs at Hopin. Hopin, a company that provides software that supports virtual or hybrid events, saw demand for its service soar at the same time when Airbnb was seeing its own operating results deteriorate. And this week Hopin cut a double-digit percentage of its staff.
The pandemic giveth, and then pandemic taketh away. Or perhaps it taketh away, and then re-giveth. You get the idea.
This news brief is based on reporting published by TechCrunch on 2022-02-15. The original report is linked below.
TechCrunch
https://techcrunch.com/2022/02/15/airbnbs-pandemic-slingshot-nears-completion/This independent news brief is based on the public source identified above. It is an original summary or translation, not a reproduction of the source article. Rights in source text, research, trademarks and images remain with their respective owners; images are used under the licence or permission identified in the credit. Rights holders may contact rights@goodproductasia.com with evidence of ownership. Verified concerns will be corrected, replaced or removed promptly. This report is not investment, legal, medical or purchasing advice.
