Airbnb said to double net revenue to US$1b in Q3 as it plans IPO

San Francisco

AIRBNB doubled net revenue in the third quarter and remains on a profitability streak, as the business builds towards an initial public offering (IPO) expected next year, according to people familiar with its financial results.

The home-rental company has maintained a steady profit before interest, taxes and amortisation for at least 17 months, said the people, who asked not to be identified discussing the private company's earnings.