Airbnb’s Loss Nearly Doubles in Fourth Quarter, Before Virus
- Revenue rose 32% in the period, according to a person familiar
- Startup’s plans to list on stock market could be at risk
Photographer: Carl Court/Getty Images
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Airbnb Inc.’s losses almost doubled in the fourth quarter of last year, even before the coronavirus pandemic caused global travel to nearly grind to a halt.
The world’s biggest home-sharing company reported a loss of $276.4 million excluding interest, taxes, depreciation and amortization, compared with a loss of $143.7 million a year earlier, according to a person familiar with the company’s accounts. Revenue increased 32% in the period to $1.1 billion, and it has more than $2 billion in the bank, the person said. Airbnb declined to comment on the figures.