Airbnb S-1 (Part 1): So How Profitable Is This Thing Really?
View from Seed
NOVEMBER 18, 2020
To be clear Airbnb posted a GAAP profit in Q3 2020 of over $200M which is impressive given travel remains materially depressed due to COVID. For reference, high-flying megacap tech stocks like Apple and Google have operating income margins >20% and Facebook and Microsoft have operating income margins >30%.
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