Airbnb believed to have outstripped 1 billion dollars in revenue in the second quarter

Airbnb Inc is believed to have taken I  above 1 million dollars as revenue during the second quarter of 2019 as per a statement by the home rentals company. This is the second time this level has been crossed by the firm in the history of over a decade.

The company also mentioned its plans to launch a multimillion-dollar marketing program including digital platforms along with Television for advertisements that would call attention to its hosts and promote the benefits of hosting.

Airbnb had earlier said that it crossed the 1 billion dollars mark in revenue during the third quarter of 2018 though the revenue details for the whole last year hasn’t been made available. It stands among various other start-ups that are believed to receive commencing public offerings next year.

Airbnb’s revenue for the entire year 2017 reportedly surpassed 2.5 billion dollars marking over 50 percent hike compared to that of 2016. The firm also mentioned earlier that before interest, taxes, depreciation and amortization its income remained positive for 2017 and 2018.

Though no description on the profits for the second quarter was provided by the company. It further mentioned that it had crossed a breakthrough of possessing over 7 million Airbnb listings in more than 100,000 cities across the globe.

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