Airbnb files to go public as the pandemic rages on
Even as the pandemic that wrecked its business flares up again, Airbnb is poised to make its public market debut this year.
The company filed its long-awaited IPO paperwork Monday, revealing that it turned a profit of $219 million in the third quarter of this year, on $1.34 billion in revenue. By comparison, it made $227 million in profit during the same quarter last year on $1.65 billion in revenue. The third quarter was the only quarter the company was profitable in 2019.