(Airbnb) Airbnb reported 102.1 million nights and experiences bookings in the first quarter of 2022, up by 59% from the prior year.
The bookings marked the first time Airbnb surpassed 100 million, with the levels above the pre-pandemic period.
In the quarter, Airbnb reported $17.2 billion Gross Bookings Value, an increase of 67% from the previous year.
The company reported a revenue of $1.5 billion in the first quarter, an increase of 70% from the prior year and 80% higher than the first quarter of 2019.
Airbnb said it attained its first adjusted positive EBITDA of $229 million in the first quarter. The positive EBITDA compares to a loss of $59 million in the prior year and loss of $248 million in the first quarter of 2019.
Airbnb now projects a revenue of between $2.03 billion and $2.13 billion in the second quarter. The company also expects the increase in the nights and experiences booked in the second quarter to approximate the growth rate in the first quarter.
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