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Airbnb sales beat estimates, showing demand amid Covid-19 surge

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Airbnb Inc. reported quarterly revenue that blitzed analysts’ estimates, benefiting as travellers chose vacation rentals during a holiday season marred by rising Covid-19 cases.The company didn’t give a financial forecast and it was cautious about 2021, keeping a lid on share gains in extended trading.Also Read | The limits to India’s privatization pushReleasing its financial results for the first time as a public company on Thursday, Airbnb showed sales of $859 million in the final three months of 2020, a decline of only 22% from a year earlier.

Analysts had been projecting $739.7 million, according to data compiled by Bloomberg. Nights and experiences booked, a metric that represents the total number of guest stays and tourist activities.

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