Airbnb Flexes Strong Financials as it Records $9.4 Billion in Total Booking Value

August 19, 2019
Airbnb recorded $9.4 billion in total booking value in the first quarter, up 31 percent from a year ago, according to WSJ. The home rental company booked 91 million nights on its platform in the quarter. Airbnb reportedly has about $3.5 billion in cash on its balance sheet as of March 31st, and said revenue grew 40 percent in 2018 from previous year. Dan Primack, Business Editor at Axios, joined to discuss whether there is an incentive for Airbnb to raise money in the capital markets.