Airbnb earns $834 mn on record revenue in Q3 as more people get vaccinated

Airbnb said Thursday that it earned $834 million on record revenue in the third quarter as more people got vaccinated and went back to travelling.

When companies closed offices in response to the COVID-19 pandemic, that freed some employees to work remotely using video technology, and Airbnb said the result was a huge jump in rentals.

The San Francisco-based home-sharing company said in a letter to shareholders that it believes the trend of work flexibility will accelerate. Airbnb noted that major companies including Ford and Amazon have announced policies that will allow for more remote work, and it predicted others will do the same.