IPO filing shows financial info for Airbnb

Airbnb filed a prospectus with the Securities and Exchange Commission as it prepares for its long-awaited initial public offering.

The filing shows five years of financial data for the short-term rental service. Airbnb is seeking to raise $1 billion in capital when it lists as ABNB on the Nasdaq.

For the first three quarters of this year, the company's net loss was $697 million. That compares with a $322 million net loss in the first nine months of 2019.

For the full year of 2019, the company's net loss was $674 million and revenue was $4.8 billion.

Read more from the San Francisco Business Times.