Airbnb’s second-quarter profit fell 15% despite its revenue rising 11% on stronger bookings
Airbnb says its profit fell 15% in the second quarter from a year earlier, as higher income taxes cut into the short-term rental giant’s bottom line even as bookings and revenue rose. The profits fell short of Wall Street’s expectations and Airbnb’s stock tumbled 16% in after-market trading. The San Francisco-based company reported on Tuesday