Airbnb S-1 (Part 1): So How Profitable Is This Thing Really?
View from Seed
NOVEMBER 18, 2020
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. Again looking at 2019 to make a pre-COVID assessment about any of these businesses and looking specifically at operating income (aka pretax) margins: Airbnb -10%.
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