Airbnb Enters the Land of Profitability
The room-rental startup made its first profit in the second half of 2016 and expects to remain profitable this year.
How Uber and Airbnb Bent Laws and Made Billions
This article is for subscribers only.
Late last year, as many technology startups were struggling to stay afloat, Airbnb Inc. quietly reached a milestone few of its peers had achieved: profitability.
Airbnb became profitable for the first time during the second half of 2016, according to people close to the company. The home and apartment-rental company anticipates it will maintain profitability in 2017 before interest, taxes and amortization, said the people, who asked not to be identified discussing the private company’s earnings.