This global travel facilitator was devastated early in the pandemic. But management took the opportunity to prune unnecessary expenses and make the business more robust.
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The moves are paying off now, and Airbnb ( ABNB -5.93% ) is reporting record profits as economies reopen, and folks feel comfortable traveling again. Indeed, revenue at Airbnb in 2021 was 25% higher than in 2019.
It is in an excellent position to thrive as the travel industry recovers from the pandemic. Airbnb is selling
at a price-to-free-cash-flow (P/FCF) ratio near its lowest ever.
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