Airbnb Announces $1 Billion in Revenue Ahead Expected IPO

Even without a permanent CFO in the company since February, Airbnb is on track to be lucrative for the second year in a row based on an EBITDA basis, according to CNBC.
After the tension between the old CFO Laurence Tosi and CEO Brian Chesky, Ellie Mertz has stepped up as Head of Financial Planning and Analysis.

With 2019 around the corner and the exciting news of the initial public offer, the home-sharing startup announced more than 1 billion dollars in revenue for Q3 of 2018.

The idea of a world where everyone belongs everywhere is Airbnb’s mission and main goal. In a memo shared publicly, the company wrote that they will update their clients in regards its work for IPO’ing in the weeks to come.

Unlike Uber and WeWork, Airbnb has kept quiet ahead of public market debuts. For the first time in ten-years history, the company is giving the public insights on its revenue.

Currently valued at 31 billion dollars, Airbnb is one of the most valuable start-ups in the US.

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