Airbnb says 2018 was a profitable year

Airbnb app in a home.

Ahead of its imminent IPO, Airbnb has said it turned a profit in 2018. Airbnb has declined to provide an exact figure. In 2017, the company also turned a profit, with a reported $93 million profit.

The company is valued at $31 billion, and its CEO Brian Chesky is committed to holding an IPO before 2020 when some long-time employees’ stock options expire.

In the memo detailing the earnings, the 2018 profit margin was calculated before interest, tax, depreciation and amortisation.