Short-term rental platform Airbnb (NASDAQ: ABNB) enjoyed a record-breaking year in 2022, reaching high-water marks for full-year revenue at $8.4 billion and net income at $1.9 billion. And underpinning these strong results was a 900,000 increase in listings on the platform.

Airbnb's management is emphasizing supply growth like this but it may leave some investors to wonder whether the market can support this increased supply. However, for those wondering, there's one encouraging metric that suggests the number of listings on Airbnb is just right.

As a refresher on the business model, Airbnb's listings are supplied by independent hosts -- anyone can put a space up on the platform and set their price. When travelers book through Airbnb, the company takes a percentage as its revenue.

Continue reading

Source Fool.com