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Airbnb Forecasts Slowing Growth After Record Sales

By
Akash Pasricha
· · Source: The Information

Airbnb said late Tuesday that revenue in the third quarter rose 29% from the year-ago quarter, to $2.9 billion, as demand for booking on the platform remained strong and new hosts increasingly turned to Airbnb to supplement their income amidst the economic downturn. The home rental company also posted its highest net income in a single quarter, totaling $1.2 billion, up 46% from the same period...

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