Airbnb IPO filing shows Q3 earnings beating virus

Profitable again: Airbnb shows dramatic recovery in its fortunes, after the coronavirus outbreak dragged down its core home rental business during the first half of the year.

San Francisco: Airbnb Inc’s initial public offering (IPO) registration showed that the home rental startup turned a profit in the third quarter despite the Covid-19 pandemic, as it gears up for one of the most anticipated stock market debuts in recent years.

The filing, published ahead of Airbnb’s anticipated stock market debut in December, showed a dramatic recovery in its fortunes, after the coronavirus outbreak dragged down its core home rental business during the first half of the year.