The 3 Biggest Risks for Airbnb's Upcoming IPO
Airbnb recently filed for its initial public offering (IPO), giving investors their first glimpse into the 12-year-old online rental marketplace's financials.
According to its filing, Airbnb's revenue rose 32% year over year to $4.8 billion in 2019, while its gross bookings grew 29% to $29.4 billion. In the first nine months of 2020, its revenue declined 32% year over year to $2.5 billion due to the COVID-19 pandemic, as its gross bookings fell 39% to $18 billion.
On the bottom line, Airbnb's net loss widened from $16.9 million in 2018 to $647.3 million in 2019. In the first nine months of 2020, its net loss widened again year over year from $322.8 million to $696.9 million.
Source Fool.com
