The home-sharing startup has been contending with rising costs ahead of its highly-anticipated IPO, according to the Wall Street Journal.
last year that Airbnb boosted spending on marketing during the first quarter of 2019, more than doubling its operating loss to $306 million.
Airbnb’s loss is raising concerns inside the company as it prepares for a blockbuster IPO this year; the firm’s board of directors questioned executives in recent weeks about rising costs, theBut Airbnb isn’t in dire straights; the company still has a reported $3 billion cash pile. Airbnb is one of the most valuable startups in the U.S., with its last funding round in September 2017 bringing in $1 billion, according to Pitchbook, valuing the company at $31 billion. : Airbnb’s expected 2020 IPO is one of the most highly anticipated of the year.
— than other buzzy startups, such as Uber, Lyft and Casper, that aren’t yet EBITDA profitable. EBITDA represents earnings before interest, taxes, depreciation and amortization.: Airbnb has recently come under scrutiny over safety issues, particularly after a shooting at an Airbnb listing in California left five people dead. The company has pledged $150 million, according to the
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