Airbnb has reportedly raised at least $100 million in a new funding round, the Wall Street Journal reported. The investment leaves the unicorn’s valuation unchanged, according to the Journal, at $25.5 billion.
This news arrives as Airbnb faces criticism for both its responsibility to keep users safe and its role in San Francisco’s housing crisis.
[aditude-amp id="flyingcarpet" targeting='{"env":"staging","page_type":"article","post_id":1842456,"post_type":"story","post_chan":"none","tags":null,"ai":false,"category":"none","all_categories":"business,entrepreneur,","session":"B"}']The report detailed that Airbnb has forecasted “revenue of $900 million this year after previously projecting $825 million during a fundraising completed in July.” The company reportedly brought in $340 million in revenue during the last quarter alone, “on bookings of $2.2 billion” — but don’t expect Airbnb to generate a profit until 2017, the Journal said.
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