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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.
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How Uber and Airbnb Bent Laws and Made Billions

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.