Airbnb Posts $1.2 Billion Loss and Turns Attention to Expected Supply-Demand Mismatch

Airbnb beat analysts’ expectation on revenue, which rose 5 percent in the first quarter to $887 million. While Airbnb was in positive territory in the first quarter in part because of its focus on short-term rentals, Expedia Group and Booking’s revenue plummeted 44 percent and and 50 percent, respectively.Dennis Schaal (Skift)