As one of the most anticipated IPOs next year, Irbnb finally presented its financial information to the public for the first time 10 years after its establishment.
According to a memo released by Airbnb on Friday, the startup's third-quarter revenue "far exceeded" $1 billion. This will be the strongest quarter since the company was founded in 2008.
While other large private companies, such as Uber and WeWork, have begun to publish more financial information before going public, Airbnb has reservations. The company is reluctant to comment on profitability or other data, but a spokesman said: "We will continue to provide up-to-date information about our work."
According to a person familiar with Airbnb's financial situation, Airbnb is expected to make profits for the second consecutive year based on interest, tax, depreciation and pre-amortization profit (EBITDA). According to sources, the company achieved a profit of $100 million in 2017 and a revenue of $2 billion 600 million.
Since Laurence Tosi left Airbnb in February, Airbnb has not had a CFO, which raises questions about who might help Airbnb go public when it is ready to go public. Laurence Tosi was highly praised by Wall Street and helped the startup achieve EBITA profitability during its tenure.
Chief Executive Brian Chesky said the company would go public in mid-2019, but the company had not yet decided when to go public. Airbnb is one of the most valuable start-up companies in the United States, worth 31 billion US dollars.
Waonews is a news media from China, with hundreds of translations, rolling updates China News, hoping to get the likes of foreign netizens