Airbnb said revenue in the quarter fell 22%, to $859 million. It reported a loss of $3.9 billion including a "$2.8 billion non-cash stock-based compensation expense" related to its IPO.
"We are preparing for the travel rebound," the company said in a shareholder letter posted after the close. "As the vaccine is rolled out and restrictions lift, we expect there will be a significant travel rebound."
"For revenue, the year-over-year decline in Q1 2021 is expected to be less than that of Q4 2020, as we continue to see gradual improvements in guests’ willingness to book stays," the company continued.
Recap TheStreet Live: Everything Jim Cramer Is Watching in the Markets Friday