Airbnb turns profitable, expects earnings this year: sources
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LATE last year, as many technology startups were struggling to stay afloat, Airbnb Inc quietly reached a milestone few of its peers had achieved: profitability.
Airbnb became profitable for the first time during the second half of 2016, according to people close to the company. The home and apartment-rental company anticipates that it will maintain profitability in 2017 before interest, taxes and amortisation, said the people, who asked not to be identified discussing the private company's earnings.
