$229 million vs. $75.5 million expected and an adjusted EBITDA loss of $59 million Y/Y
This pick-up in bookings also trickled down to Airbnb's bottom-line results, as Airbnb swung to an adjusted EBITDA profit of $229 million during the quarter. Though net losses still came in at $19 million, this marked a significant narrowing from the $1.2 billion net loss posted in the first quarter of last year.
Like many travel companies, Airbnb has benefitted from the pent-up demand for travel that consumers have built up over the course of the past couple years. With mobility picking up and new COVID-19 infections coming off their peaks in many regions, bookings have improved markedly from the depths of the pandemic.
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