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Airbnb's S-1 filing, which was made public on Monday, reveals that the company lost nearly $697 million since the beginning of 2020, on $2.52 billion in revenue.
The filing casts new light on the company's pandemic-era rebound, revealing Airbnb made $219 million in net income on revenues of $1.34 billion last quarter.
Airbnb's filing sets up the home rental company to go public before the end of the year; it had delayed its filing to avoid being overshadowed by the U.S. election, Bloomberg reported. Airbnb is set to be one of the largest stock market listings this year.
Emily Birnbaum ( @birnbaum_e) is a tech policy reporter with Protocol. Her coverage focuses on the U.S. government's attempts to regulate one of the most powerful industries in the world, with a focus on antitrust, privacy and politics. Previously, she worked as a tech policy reporter with The Hill after spending several months as a breaking news reporter. She is a Bethesda, Maryland native and proud Kenyon College alumna.