Airbnb Posts 2Q Profit of $379 Million on Record Bookings

Airbnb said that it earned $379 million in the second quarter on record bookings and rising rates, and the short-term rental giant announced a plan to spend up to $2 billion to buy its own stock.

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The results showed a reversal from losses in the second quarter of both last year and 2019.

Airbnb has benefitted from the increase in travel and the exodus of workers from offices, which frees them to work from just about anywhere they can get internet access.