Report: Airbnb Suffered Revenue Decline of at Least 67% in Q2
The company that is sure to be a top -- if not the top -- initial public offering of 2020 has witnessed steep falls in key fundamentals recently. An article published Thursday by Bloomberg citing "people familiar with the matter" said that Airbnb was hit with a year-over-year drop of at least 67% in revenue for its second quarter, which ended on June 30.
The article's sources say that in Q2 2019, the do-it-yourself vacation rental website operator earned over $1 billion on the top line. That figure slipped to $842 million in Q1 of this year before dropping precipitously to $335 million the following quarter.
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Source Fool.com
