Ahead of Airbnb’s expected initial public offering next year, the home-sharing startup announced more than $1 billion in revenue during Q3 2018.
Airbnb says this was its strongest quarter to date, where it saw “substantially more” than $1 billion in revenue.
Airbnb, however, has been without a permanent chief financial officer since February, when Laurence Tosi left the company amid tension between him and Airbnb CEO Brian Chesky. Since then, Airbnb Head of Financial Planning and Analysis Ellie Mertz has been serving as the interim CFO.
According to CNBC, Airbnb is on track to be profitable for the second year in a row on an EBITDA basis.
“Airbnb’s mission is to create a world where anyone can belong anywhere and we will continue to offer updates regarding our work in the weeks and months to come,” Airbnb wrote in a memo today.
Megan Rose Dickey is a senior reporter at TechCrunch focused on labor, transportation, and diversity and inclusion in tech. She previously spent two years at Business Insider covering tech startups focused on the shared economy, IoT and music industry. She graduated from the University of Southern California in 2011 with a degree in Broadcast and Digital Journalism. – See more at: https://www.crunchbase.com/person/megan-rose-dickey#sthash.ir4VFt2z.dpuf PGP fingerprint for email is: 2FA7 6E54 4652 781A B365 BE2E FBD7 9C5F 3DAE 56BD