Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Airbnb, Inc.
  6. News
  7. Summary
    ABNB   US0090661010

AIRBNB, INC.

(ABNB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Airbnb : An update about our offices around the world

05/06/2021 | 01:37pm EDT

Last year Airbnb co-founder and CEO Brian Chesky shared news about our efforts to return to our roots and streamline Airbnb's business. Those changes included the departure of about a third of our overall workforce, as well as efforts to streamline our office footprint globally. To meet these goals, we also drastically reduced our marketing spend and closed down non-core business initiatives.

While the departure of our colleagues was very hard, as 2020 progressed, we learned that consumers looking for safe and responsible ways to travel and connect with loved ones sought out listings on Airbnb. As travel has begun to return, we have also learned that we can meet consumer demands with our current workforce.

We've also made changes to reflect the size of our workforce during the pandemic and our intention to offer greater flexibility for remote work in the future.

In regions where we have reduced the number of employees, we have subleased unused space, including in San Francisco, Dublin, Portland and Singapore.

In locations where we have two or more offices in a single market, we took steps to better streamline our footprint and consolidate:

  • In San Francisco, teams from our HotelTonight office (901 Market Street) and Mill Valley office will move to our main SF campus.
  • In Los Angeles, teams from our Downtown office will move to our Playa Vista office.
  • In New York City, HotelTonight team members will move to Airbnb's NYC office.
  • In Berlin, teams from our Airbnb office will move to our Berlin HotelTonight office.
  • In Paris, our Luckey team members will move to Airbnb's Paris office.

In addition, the reductions made around our more focused business strategy also mean we will not reoccupy our office at 650 Townsend in San Francisco. Going forward, our San Francisco campus, which is our global headquarters, will include offices at 888 Brannan and 999 Brannan Street. San Francisco is our home; it is where the majority of our employees live, and we look forward to reopening our global headquarters.

Our workplace teams have worked hard to maintain and keep our offices safe while we work remotely. We deeply appreciate their work and will provide all vendor workers a $1,000 hero award to thank them for their service during the pandemic. We will also offer an additional 12 weeks of pay and health coverage to support janitorial and facilities workers impacted by our decision not to reoccupy 650 Townsend in San Francisco.

As a global company with listings in more than 100,000 cities and 220 countries and territories, having a global footprint will continue to be important. Earlier in the year we announced plans to develop an East Coast Hub in Atlanta and are excited for this opportunity. We will continue to maintain offices around the world, to help support hosts and guests virtually in every country and region globally.

Disclaimer

Airbnb Inc. published this content on 05 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 May 2021 17:36:05 UTC.


© Publicnow 2021
All news about AIRBNB, INC.
05:35pWILLIAM ACKMAN : Ackman sees path to possible U.S. listing for Universal, workin..
RE
06/22APPLE INC.  : Is it really the end of the Apple supercycle?
06/17Tech Up On Rotation Into Growth Sectors -- Tech Roundup
DJ
06/15WSOG LLC  : World Series of Golf, Inc. (WSGF) Adds Cryptocurrency Support for Ne..
AQ
06/14AIRBNB  : and Vrbo announce partnership, address "party houses"
AQ
06/10AIRBNB  : to Participate in Nasdaq's 44th Investor Conference
PR
06/10GLASS LEWIS ESG CONTROVERSY ALERT : Airbnb
MT
06/09AIRBNB  : Loop Capital Adjusts Airbnb's Price Target to $195 From $240, Reiterat..
MT
06/04WILLIAM ACKMAN : Ackman reinvents SPAC in Universal Music deal talks
RE
06/04AIRBNB  : RealPage Partners With Airbnb for Home Sharing App
MT
More news
Financials (USD)
Sales 2021 5 395 M - -
Net income 2021 -1 268 M - -
Net cash 2021 4 312 M - -
P/E ratio 2021 -74,5x
Yield 2021 -
Capitalization 92 210 M 92 210 M -
EV / Sales 2021 16,3x
EV / Sales 2022 12,6x
Nbr of Employees 5 400
Free-Float 31,1%
Chart AIRBNB, INC.
Duration : Period :
Airbnb, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AIRBNB, INC.
Short TermMid-TermLong Term
TrendsBullishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 34
Last Close Price 151,58 $
Average target price 164,59 $
Spread / Average Target 8,58%
EPS Revisions
Managers and Directors
NameTitle
Brian Chesky Chairman, Chief Executive Officer & Head-Community
David E. Stephenson Chief Financial Officer
Aristotle N. Balogh Chief Technology Officer
Tara Bunch Head-Global Operations
Jeffrey D. Jordan Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AIRBNB, INC.1.96%91 054
TENCENT HOLDINGS LIMITED3.28%702 536
NETFLIX, INC.-5.90%225 612
PROSUS N.V.-7.31%157 607
UBER TECHNOLOGIES, INC.-3.82%92 115
NASPERS LIMITED-1.97%84 929