Airbnb launched its « Trips » platform in November, which lets travelers choose homes, places and experiences put together by local hosts.
Airbnb has turned a profit.
The home-rental company became profitable for the first time in the second half of 2016, a source close to the company told CNET. Airbnb’s revenue grew more than 80 percent over last year, and the company is expected to continue to be profitable throughout 2017, the source said.
Airbnb declined to comment for this report.
While Silicon Valley is known for being flush with cash and crowded with unicorn companies that have valuations of more than $1 billion, making a profit is easier said than done. Startups, like Sidecar, SpoonRocket and Vine, have fizzled and died ; and Airbnb’s massive tech cohorts, like Uber, Amazon and Twitter, have recorded little-to-no profit.
