Airbnb S-1 (Part 1): So How Profitable Is This Thing Really?
View from Seed
NOVEMBER 18, 2020
Sales and marketing has been 30%+ basically forever, though undoubtedly Airbnb has enough brand recognition and loyal customers that if you turned off marketing spend then revenue would drop but not to zero. Fun Tidbit 1: Europe and North America are of similar importance in terms of revenue (40% EMEA / 41% N.
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