Airbnb is raking in the dough. The company reported a record Q4 today, beating its previous benchmark both in terms of revenue and net income.
In Q4, Airbnb’s revenue grew 24% year-over-year to $1.9 billion, according to the company, driven by an uptick in stays and Experiences, Airbnb’s curated selection of tours and events. Nights and Experiences booked increased 20% in Q4 2022 compared to a year ago, the company said, while guests stayed at locations longer. Gross nights booked in Q4 2022 for more than a week — a profitable customer segment — were 40% higher than in
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