Airbnb’s Irish unit has allocated $1.002bn for ongoing tax investigations globally, following a significant $621m tax settlement with Italian authorities.
The Dublin-based Airbnb Ireland UC reported a 24pc increase in operating profits, reaching $118.75m, alongside a revenue surge of 22pc, totaling $5.1bn.
Corporate tax expenses rose significantly from $15.6m in 2022 to $93.68m in 2023, impacting pre-tax and post-tax profit figures.
The company is adapting to new work policies, with a slight increase in employee numbers but a notable decrease in cash reserves, reflecting changing operational strategies and overall financial pressures.
