( ) -q-19- UNDATED (Correspondent Jeremy House) “into the first.” Airbnb says that it lost $349 million in the fourth quarter because of an income tax settlement with Italy. [CutID: <Cuts> AIRBNB-LOSS-house-q-WEDam.mp3 Time: 19s Title: AIRBNB-LOSS-house-q-WEDam Out-cue: into the first] TAG: Correspondent Jeremy House reporting. Airbnb says a settlement with Italy over taxes cost it […]
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Airbnb loses $349 million on Italian tax dispute but posts revenue gain
( ) -q-19- UNDATED (Correspondent Jeremy House) “into the first.”
Airbnb says that it lost $349 million in the fourth quarter because of an income tax settlement with Italy.
[CutID: <Cuts> AIRBNB-LOSS-house-q-WEDam.mp3
Time: 19s
Title: AIRBNB-LOSS-house-q-WEDam
Out-cue: into the first]
TAG: Correspondent Jeremy House reporting. Airbnb says a settlement with Italy over taxes cost it about $1 billion. Excluding the special expenses, Airbnb says it would have earned $489 million.
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VERBATIM: Despite the loss, the company says bookings and revenue rose, and demand for vacation rentals on its platform remains strong. Airbnb says first-quarter revenue will meet or beat Wall Street expectations. But the company says the pace of bookings growth will “moderate” from the fourth quarter into the first.