February 11, 2020 / 6:08 PM / 2 months ago

Airbnb swings to a loss as costs climb - WSJ

Feb 11 (Reuters) - Home rentals giant Airbnb Inc swung to a loss for the first nine months of last year as costs climbed sharply, The Wall Street Journal reported here on Tuesday, citing people close to the company.

The company posted a net loss of $322 million for the first nine months through September 2019, compared with a $200 million profit for the same period a year earlier, the report added.

In September last year, the company said it planned to list its shares in 2020.

It is widely expected to take a direct-listing route for its flotation.

Airbnb did not immediately respond to Reuters request for comments. (Reporting by Abhishek Manikandan in Bengaluru; Editing by Vinay Dwivedi)

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