Tags: airbnb | loss | costs | earnings

WSJ: Airbnb Swings to a Loss as Costs Climb

WSJ: Airbnb Swings to a Loss as Costs Climb
(Mohamed Ahmed Soliman | Dreamstime.com)
 

Tuesday, 11 February 2020 02:04 PM

Home rentals giant Airbnb Inc. swung to a loss for the first nine months of last year as costs climbed sharply, The Wall Street Journal reported.

The company posted a net loss of $322 million for the first nine months through September 2019, compared with a $200 million profit for the same period a year earlier, the report added, citing people close to the company.

In September last year, the company said it planned to list its shares in 2020.

It is widely expected to take a direct-listing route for its flotation.

However, the Journal said the coronavirus impact also could delay its closely watched market debut.

Airbnb did not immediately respond to Reuters request for comments. 

© 2020 Thomson/Reuters. All rights reserved.

   
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Home rentals giant Airbnb Inc swung to a loss for the first nine months of last year as costs climbed sharply, The Wall Street Journal reported.
airbnb, loss, costs, earnings
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2020-04-11
Tuesday, 11 February 2020 02:04 PM
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