Is Airbnb Stock a Buy After Q1 Earnings?
Airbnb (NASDAQ: ABNB) is finally rebounding from the devastating effects on the travel industry brought on by the coronavirus pandemic. Even if people's willingness to travel was unchanged, restrictions on cross-border travel by governments constrained activity.
Thankfully, several vaccines have been approved to combat the spread of COVID-19, and as of this writing, more than 1.75 billion doses have been administered worldwide. As a result, travel is beginning to rebound, and Airbnb is starting to see the benefits.
Airbnb revenue exceeds pre-pandemic levels in the first quarter. Image source: Getty Images.
Source Fool.com
