Airbnb posted a net loss of $322 million in 2019 amid rising costs by rachsandl
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
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Report: Airbnb Posted A Net Loss In 2019 Amid Rising CostsThe home-sharing startup has been contending with rising costs ahead of its highly-anticipated IPO, according to the Wall Street Journal.
Read more »
Wuhan coronavirus: Airbnb shuts down check-ins for Beijing until March - Business InsiderAirbnb confirmed in a statement to Business Insider that it would refund customers whose reservations have been cancelled.
Read more »
Airbnb suspends Beijing bookingsAirbnb is suspending all listings in Beijing from February 7 2020 to February 29 2020 in light of the Wuhan coronavirus outbreak.
Read more »
WSJ News Exclusive | Airbnb Swings to a Loss as Costs Climb Ahead of IPOThe multibillion-dollar startup racked up a $322 million net loss for the first nine months of 2019, raising questions about the valuation and timing of the home-sharing giant’s much-anticipated public markets debut.
Read more »
Vacation Like a Celebrity with These Airbnb ExperiencesInspired by our favorite celebs on Instagram, here's what to do in destinations like Cabo, Havana, Miami and Maui.
Read more »
Airbnb reportedly lost money in 2019, possibly impacting IPO plans - Business InsiderThe Wall Street Journal reported that Airbnb lost $322 million, which could worry investors wary of IPOs from money-losing businesses.
Read more »