New: A daily newsletter defining what matters in business and markets

Stories

Airbnb rakes in more than $1 billion in revenue during Q3

 A toy house on coins next to the logo of housing website Airbnb.
Photo: Joel Saget/AFP via Getty Images

Airbnb booked more than $1 billion in revenue during the third quarter of 2018, the company said Friday, marking the company's strongest quarter since its founding in 2008, CNBC reports.

Why it matters: This is the first time Airbnb has publicly shared a snapshot of its revenue, according to CNBC, and comes as the company is headed for an IPO, expected next year.

More stories loading.