Airbnb seeks valuation up to $35 billion in IPO filing
4 years ago

Airbnb seeks valuation up to $35 billion in IPO filing

Live Mint  

Airbnb is seeking to raise some $2.6 billion in its upcoming share offering, which could give the home-sharing giant a valuation as high as $35 billion, an updated regulatory filing showed Tuesday. The latest filing appeared to confirm an upbeat outlook for Airbnb, which has claimed its home-sharing model has proved resilient during the global coronavirus pandemic with travelers seeking safer lodgings and avoiding crowded hotels. The company may still update its offering price, but at current levels the valuation would be as much as $35 billion including restricted stock and options. Earlier this week food delivery service DoorDash said it aimed to raise upwards of $2 billion in a stock market debut valuing the startup at more than $25 billion.

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US stock market: Airbnb shares plunge a record 15% after weak sales
4 months, 2 weeks ago

US stock market: Airbnb shares plunge a record 15% after weak sales

Hindustan Times  

Airbnb Inc. shares plunged by the most ever after the company issued yet another disappointing outlook and warned of slowing demand from US vacationers. And Airbnb said it expects “sequential moderation” of growth in bookings in the third quarter, too, signaling that results will disappoint analysts who had projected an 11% gain amid the peak summer travel season. Airbnb’s outlook …

Airbnb’s second-quarter profit fell 15% despite its revenue rising 11% on stronger bookings
4 months, 2 weeks ago

Airbnb’s second-quarter profit fell 15% despite its revenue rising 11% on stronger bookings

Associated Press  

Airbnb says its profit fell 15% in the second quarter from a year earlier, as higher income taxes cut into the short-term rental giant’s bottom line even as bookings and revenue rose. The San Francisco-based company reported on Tuesday net income of $555 million, or 86 cents per share, for the three months ended June 30. The company said that …

Airbnb loses $349 million on Italian tax dispute but posts revenue gain, sees strong demand ahead
10 months, 1 week ago

Airbnb loses $349 million on Italian tax dispute but posts revenue gain, sees strong demand ahead

Associated Press  

Airbnb said Tuesday that it lost $349 million in the fourth quarter due to an income tax settlement with Italy, but bookings and revenue rose, and the short-term rental giant said demand remains strong. However, the pace of bookings growth is likely to “moderate” from the fourth quarter into the first, and the early timing of Easter could hurt growth …

Airbnb earns $4.4 billion in 3Q thanks to tax break and higher-than-expected revenue
1 year, 1 month ago

Airbnb earns $4.4 billion in 3Q thanks to tax break and higher-than-expected revenue

Associated Press  

SAN FRANCISCO — Airbnb said Wednesday it earned $4.37 billion in the third quarter as it booked a large tax benefit and posted higher-than-expected revenue during the summer travel season. Airbnb said that excluding the tax benefit, net income would have been $1.6 billion, up from $1.2 billion a year earlier. Airbnb said it booked 113.2 million nights and experiences …

Airbnb sacks 30% of recruiting staff despite profitable year
1 year, 9 months ago

Airbnb sacks 30% of recruiting staff despite profitable year

India TV News  

Online home rental firm Airbnb let go of 30 percent of its recruiting staff, according to Bloomberg. During the company's quarterly earnings call last month, Chief Financial Officer Dave Stephenson said it is going to hire more people. "We're going to continue to grow, but we're going to grow modestly," Stephenson, adding he expects headcount growth of 2-4 per cent …

Airbnb 4Q profit and revenue rise on bookings, higher rates
1 year, 10 months ago

Airbnb 4Q profit and revenue rise on bookings, higher rates

Associated Press  

DALLAS — Airbnb said Tuesday it enjoyed a record 2022, including its first annual profit, and it continues to see strong demand for travel carry over into the new year despite economic uncertainty and high inflation. The San Francisco-based company said it earned $319 million in the fourth quarter, up from $55 million a year earlier, and $1.89 billion for …

US IPO Market: In Biggest Listing, Airbnb Valuation Crosses $100 Billion In Trading Debut
4 years ago

US IPO Market: In Biggest Listing, Airbnb Valuation Crosses $100 Billion In Trading Debut

ABP News  

US IPO Market: In one of the biggest initial public offering in the US, shares of home rental firm Airbnb Inc more than doubled in its stock market debut on Thursday, valuing the company at just over $100 billion. Its $86.5 billion market value narrowly tops Booking Holdings Inc.’s $86.2 billion market capitalization, and overshadows Expedia Group Inc. and TripAdvisor …

Airbnb value shoots to over $100bn in phenomenal Wall Street debut
4 years ago

Airbnb value shoots to over $100bn in phenomenal Wall Street debut

The Telegraph  

Airbnb’s shares more than doubled in a frenzied Wall Street debut on Thursday that valued the travel website at more than $100bn. The spike makes the company the biggest ever to double its value on its first day of trading and will lead to new fears that an overheating market is pushing tech valuations too high. Mr Chesky, who founded …

Airbnb valuation reaches $100 billion in trading debut surge
4 years ago

Airbnb valuation reaches $100 billion in trading debut surge

LA Times  

Airbnb Chief Executive Brian Chesky speaks at an event in San Francisco in 2018. “I don’t know what else to say,” Airbnb Chief Executive Brian Chesky said in an earlier Bloomberg Television interview when told about the potential opening price. “I’m very humbled by it.” Airbnb’s market value, based on its outstanding shares, makes it the world’s biggest online travel …

Airbnb to make IPO filing next week, braving COVID-19 surge: Report
4 years, 1 month ago

Airbnb to make IPO filing next week, braving COVID-19 surge: Report

Live Mint  

US home rental company Airbnb Inc plans to make its initial public offering registration public as early next week, setting course for a stock market debut next month even as the COVID-19 pandemic intensifies, two people familiar with the matter said on Thursday. The US election diminished uncertainty for IPO hopefuls this week, as the prospect of a divided government …

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