Is Airbnb's Revenue Growth Hitting a Ceiling? See What Management Just Said.
Short-term rental platform Airbnb (NASDAQ: ABNB) was founded in 2007 -- less than 20 years ago -- and has quickly grown into a big business. In 2022, the company's revenue of $8.4 billion was up 40% year over year. Airbnb believes its market opportunity could be around $3.4 trillion, which would seemingly give the company an enormous runway for future growth.
But a single statement from management in its latest report gives reason to question how much upside Airbnb's core platform realistically has. Let's take a closer look.
In addition to reporting massive profits, Airbnb's management laid out three areas of focus for 2023 in its financial report for the fourth quarter of 2022. First, it wants to make hosting easy and popular -- this has long been an area of focus. Second, it wants to keep improving the overall experience, which again is nothing new.
Source Fool.com
