Airbnb has published its IPO prospectus, revealing the scale of the financial hit to its business from coronavirus.
The San Francisco-based accommodation booking service recorded losses of nearly $700m on revenues of $2.5bn in the first nine months this year, the regulatory filing revealed, widening from losses of $323m in the same period last year.
At its nadir in the second quarter, Airbnb suffered a $576m loss as the travel industry collapsed. However, the company swung to a profit of $219m in the third quarter.
