U.S. Travel Helps Airbnb Beats Expectations in First Quarterly Earnings
The company's full-year results demonstrate how the year didn't turn as dire for its business as Airbnb feared during the early days of the pandemic.
Airbnb
Why it is one to watch: One of the few high profile, consumer-brand tech companies going public in this period, it will test investors' confidence in the home-sharing business model, which has been under regulatory and competitive attack. The fact that it is occurring during a pandemic which has devastated travel also poses a challenge.
Expected timing: December.
Type: IPO
S-1: Filed 11/16. Amended filing 12/1 here.
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The announcement likely represents the company's effort to ensure hosts feel included by the potential windfall of the IPO.
Airbnb’s Common Stock Price Rises 10%
Airbnb's common stock value is now about 20% higher than its nadir in the spring, but it still at about half its peak last year.
Airbnb Was Profitable in Third Quarter
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