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Airbnb S-1 (Part 1): So How Profitable Is This Thing Really?

View from Seed

Since inception this lodging marketplace (note 1) has enabled 825 million guest stays in over 200 countries with a cumulative booking value of more than $110 billion. Airbnb has pretty strong revenue retention… their cohort data shows them getting 35-45% of first year revenue in years 2, 3, 4, and 5.