Airbnb is reportedly standing out from other Silicon Valley "unicorn" startups in one major way: It's profitable, according to Bloomberg. It reached this milestone in the second half of 2016.

The company also expects to remain profitable in 2017, before interest, tax, and amortization, according to the report.

A source close to the company confirmed this to Axios, adding that Airbnb revenue grew more than 80% over 2016. Nearly all of the $3.1 billion the company has raised from investors remains on the balance sheet, says our source.

Why it matters: Large private tech startups with multi-billion dollar valuations like Airbnb, Uber, and Lyft have raised a lot of questions about whether their business models are sustainable and can reach profitability. Currently, neither Uber nor Lyft is turning a profit. These companies also face regulatory challenges in many places around the world, adding to doubts about their ability to survive or even go public.

The story has been updated with additional information.

Go deeper

House will not hold votes until Sept. 14 unless stimulus deal is reached

Photo: Mandel Ngan/AFP via Getty Images

House Majority Leader Steny Hoyer (D-Md.) announced Monday that the House will not hold any floor votes until Sept. 14, though members will remain on 24-hour notice to return to Washington in case a deal on coronavirus stimulus is reached.

Why it matters: Democrats and the Trump administration remain deadlocked and have not met since negotiations broke down without a deal on Friday.

Updated 42 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Global: Total confirmed cases as of 3 p.m. ET: 19,936,547 — Total deaths: 732,467 — Total recoveries — 12,144,510Map.
  2. U.S.: Total confirmed cases as of 3 p.m. ET: 5,063,770 — Total deaths: 163,156 — Total recoveries: 1,656,864 — Total tests: 61,792,571Map.
  3. Business: Richer Americans are more comfortable eating out.
  4. Public health: How America can do smarter testing.
  5. Sports: The cost of kids losing gym class — College football is on the brink.
  6. World: Europe's CDC recommends new restrictions amid "true resurgence in cases."

Trump says he'll accept nomination at White House or Gettysburg

Trump at the 2016 Republican National Convention. Photo: Bill Clark/CQ Roll Call via Getty Images

President Trump tweeted Monday that he'll deliver his speech accepting the Republican nomination for president at either the Gettysburg battlefield in Pennsylvania or at the White House.

The state of play: Republican National Convention planners are looking for a new venue for the president to deliver his acceptance speech after convention events were canceled in Jacksonville, Fla., due to coronavirus concerns.