Airbnb revenue tumbles 67% to $335 million in Q2; IPO still planned

Airbnb recorded a loss before interest, taxes, depreciation and amortisation of $400 million in the second quarter

Airbnb reported tumbling revenue and mounting losses in the second quarter, but the home-sharing startup is still eyeing a stock market debut before year’s end, according to people familiar with the matter.
 

Revenue fell to $335 million in the period ending June 30, said the people, who didn’t want to be named discussing private information. That’s down at least 67 per cent from the more than $1 billion the company reported in the same period last year, a shift that reflects the magnitude of the impact of the coronavirus pandemic on global travel. It’s also a steep decline from the