Airbnb to dou­ble rev­enue

The Denver Post - - BUSINESS -

Airbnb Inc. dou­bled net rev­enue in the third quar­ter and re­mains on a prof­itabil­ity streak, as the busi­ness builds to­ward an ini­tial pub­lic of­fer­ing ex­pected next year, ac­cord­ing to peo­ple fa­mil­iar with its fi­nan­cial re­sults.

The home-rental com­pany has main­tained a steady profit be­fore in­ter­est, taxes and amor­ti­za­tion for at least 17 months, said the peo­ple, who asked not to be iden­ti­fied. In the quar­ter that ended in Septem­ber, Airbnb pulled in about $1 bil­lion, up from $500 mil­lion in the same pe­riod last year, one of the peo­ple said. — Bloomberg

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