INSUBCONTINENT EXCLUSIVE:
Precisely, Airbnb lost $306 million on operations on $839 million in revenue, namely as a result of marketing spend, in the first quarter of
In total, Airbnb invested $367 million in sales and marketing, representing a 58% increase year-over-year, in Q1
The company is gearing up for a major liquidity event next year and is making a concerted effort to rake in new customers, as any
Will money managers have an appetite for another over-valued Silicon Valley darling? Or will the market compete like mad for shares in the
massive home-sharing marketplace?But Airbnb, again, is no WeWork, and I wager Wall Street will have a much friendlier approach to its
CEO behaviors aside, Airbnb has more capital in the bank than it has raised in its entire 11-year history, which is a whole lot of money
billion valuation and has even more locked away in its bank account
Additionally, Airbnb has an untouched $1 billion credit line, the source said
Presumably, the referenced credit line is the 2016 $1 billion debt financing from JPMorgan, CitiGroup, Morgan Stanley and others.Moreover,
recent quarters, according to our source
guessing the business did not top $1 billion in Q4 of 2018 or Q1 of 2019 because it if had, that information would probably have been
consecutive years, the company announced in January
