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Tuesday, April 16, 2024

Airbnb Swings to Profit as Rentals Remain Strong Despite Inflation

Airbnb Inc. swung to a profit in the second quarter on the back of strong revenue, as people continued to book suburban rentals despite hosts raising prices. But the company issued a weaker-than-expected outlook that overshadowed otherwise strong results. Its stock retreated over 9% in after-hours …

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