Airbnb Inc recorded $9.4 billion in total booking value in the first quarter, up...
FILE PHOTO: The Airbnb logo is seen on a little mini pyramid under the glass Pyramid of the Louvre museum in Paris, France, March 12, 2019. REUTERS/Charles Platiau/File Photo
- Airbnb Inc recorded $9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a source familiar with the matter said on Friday, a key number that could help pull in investors as the home-sharing company plans its foray into the public market. The San Francisco-based home rentals company booked 91 million nights on its platform in the quarter, leading to the surge in total booking value, which measures the transaction dollars on its platform, the source said.
Airbnb had about $3.5 billion in cash on its balance sheet as of March 31, the source said. The company reported a 40% revenue growth rate in 2018 compared with the previous year, according to the source.on.wsj.com/2TCKZpcThis year marked several high-profile IPOs including Uber Inc and Lyft Inc, but the companies have fared poorly after their launch, amid investor skepticism over their lack of a concrete plan to profitability.
WeWork owner The We Company, which is preparing for an initial public offering as early as next month, revealed breakneck revenue growth and soaring losses earlier this month.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
US 30-year Treasury yield falls below 2% for first time everThe historic drop in long-term U.S. bond yields comes shortly after the closely-watched 10-year Treasury note and the 2-year inverted.
Baca lebih lajut »
Hannah Did 30-Minute Workouts at Home and Lost 117 Pounds in Less Than 12 MonthsThis inspiring story is about Hannah Day, 32, who gained weight after battling breast implant illness. Despite this setback to her health, she was able to take
Baca lebih lajut »
'Maisel Day' 30-cent gas promo blamed for traffic snarl near 10 Freeway in Santa Monica'Maisel Day's' 30-cent gas promotion for Amazon's 'The Marvelous Mrs. Maisel's' Emmy campaign is being blamed for snarling traffic in Santa Monica.
Baca lebih lajut »
30 Sneaky Dorm Room Space-Saver Ideas You’ll Wish You Knew About SoonerOrganize your dorm room in style with these adorable space-saving organizers.
Baca lebih lajut »
30 Funny Race Signs That Will Bring a Smile to Your FaceWe found the best motivational, inspirational and downright hilarious signs:
Baca lebih lajut »