(CNN Business) Even as the pandemic that wrecked its business flares up again, Airbnb is poised to make its public market debut this year. By comparison, it made $227 million in profit during the same quarter last year on $1.65 billion in revenue. The third quarter was the only quarter the company was profitable in 2019. The first half of 2020 was bleak for Airbnb, whose platform is used to find and book accommodations in 220 countries and regions around the world. The company reported that through June 30, it incurred net losses of $916 million on revenue of $1.18 billion.

Source: CNN November 16, 2020 22:27 UTC