Ahead of IPO, Airbnb achieves profitability for second year in a row

Ahead of IPO, Airbnb achieves profitability for second year in a row

5 years ago
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https://techcrunch.com/2019/01/15/ahead-of-ipo-airbnb-achieves-profitability-for-second-year-in-a-row/

Airbnb, which is expected to go public this year, announced today a number of milestones. For starters, Airbnb says it was profitable on an EBITDA (earnings before interest, taxes, depreciation and amortization) basis for the second year in a row in 2018.

In Q3 2018, Airbnb said it had its strongest quarter ever, where it saw “substantially more” than $1 billion in revenue. The following quarter, Airbnb found a replacement for former CFO Laurence Tosi, who left amid tension between him and Airbnb CEO Brian Chesky. To lead the home-sharing giant into its next phase, Airbnb brought on Dave Stephenson, a long-time Amazon executive.