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Airbnb 4Q profit and revenue rise on bookings, higher rates
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FILE - The Airbnb app icon is displayed on an iPad screen in Washington, D.C., on May 8, 2021. Airbnb Inc. reports quarterly financial results on Tuesday, Feb. 14, 2023. - photo by AP Photo/Patrick Semansky, File
SAN FRANCISCO (AP) — Airbnb on Tuesday reported increases in profit and revenue as the short-term-rental giant continued to benefit from the rebound in travel. The San Francisco-based company said Tuesday that it earned $319 million, or 48 cents per share, in the fourth quarter. That was up from $55 million a year earlier.