Subscribe
Login
Hotels

Airbnb Reports $1 Billion-Plus in Third Quarter Revenue as IPO Talk Heats Up

Deanna Ting

Photo Credit: Airbnb CEO Brian Chesly speaking at a public event announcing Airbnb's new Airbnb Plus product in February. The company recently released a memo saying it collected more than $1 billion in revenue in the third quarter of 2018. Airbnb

Skift Take

Timing is everything, folks.

Just days after a Morgan Stanley Research report suggested Airbnb's growth in its most mature markets — the U.S. and some regions in Europe — was slowing, and in the lead up to a possible and highly anticipated initial public offering (IPO) in mid-2019, Airbnb released a public memo detailing its revenues for the third quarter. In the memo (see below), the San Francisco-based, privately held company described the most recent third quarter as "the strongest quarter in Airbnb history" and the "first quarter in which Airbnb recognized substantially more than $1 billion in revenue." Historically, Airbnb, whose last round of funding in 2017 valued the company at more than $31 billion, has been tightlipped about its fi

Hotel coverage is exclusive for Skift Pro subscribers.

Subscribe for full access to all Skift coverage for as low as $55 a month.
See the latest hotel headlines.

Apple Pay, Google Pay, Paypal, VISA, Mastercard, Discover, American Express

Already a subscriber? Login