Source: Airbnb lost about $100M in Q2 2019, compared to the profit of $10M it made a year ago
Airbnb lost about $100 million before interest and taxes in the second quarter this year, a big swing from the profit of $10 million it made in the year-earlier period, according to financial information viewed by The Information. Tweets: @coryweinberg , @modestproposal1 , @edbott , and @eliotwb Tweets: Cory Weinberg / @coryweinberg : NEWS: Airbnb lost about $100 million in Q2, a big swing from the profit of $10 million it made in the year-earlier period. http://thein.fo/... Modest Proposal / @modestproposal1 : 🧐 “But the biggest expense was sales and marketing, which rose 47% to nearly $390 million” 🤔 https://twitter.com/... Ed Bott / @edbott : Go figure. https://twitter.com/... Eliot Brown / @eliotwb : Airbnb spent over 30% of revenue on sales & marketing in the second quarter https://www.theinformation.com/ ... Expand More For Next Unexpand More For Next