Airbnb nearly quadrupled its revenue in the second quarter of 2021 amid a pickup in local tourism activity. Revenue in April-June increased by 299% and reached $ 1.3 billion compared to $ 335 million in the same period a year earlier, which exceeded market expectations of $ 1.26 billion. The total volume of orders of the company jumped by 320%, to $ 13.4 billion, beating the market consensus forecast of $ 11.56 billion. Airbnb's net loss in the last quarter fell to $ 68 million, or 11 cents per share, from $ 576 million, or $ 2.18 per share, a year earlier. The market had expected the figure at the level of $ 264 million, or 36 cents per share. In the second quarter, the company posted positive EBITDA of $ 217 versus negative EBITDA of minus $ 397 million in the same period last year.
Airbnb's scale and brand awareness in the apartment and home rental business gives the company a distinct competitive edge in increasing its online booking share, especially among the younger generation. The uniqueness of the company lies in the direct traffic combined with a large base of rental hosts registered on the company's platform. As the rate of vaccination of the world's population rises and borders open to travelers, the potential for the company's revenue growth increases significantly. We also believe Airbnb may expand into new segments of the travel market, such as traditional hotel bookings.
According to management's forecast, the company expects to receive the highest adjusted EBITDA in its history in the third quarter, as well as record revenue, despite the negative impact of the spread of the new COVID-19 strain. June through September are generally the most profitable months for Airbnb due to seasonal factors such as summer vacations.
Airbnb is the largest major online travel company focused primarily on short-term apartment and home rentals with $38B in lodging bookings in '19A as well as the fastest growing company (+30% y/y in '19A) in the space. The company offers over 5.6M active rental listings, the majority of which are exclusive to Airbnb. The company also offers hotel stays via its subsidiary Hotel Tonight as well as unique tours and experiences. Based in San Francisco, Airbnb operates its short-term rental booking site and app in approx 100,000 cities in over220 countries globally.