December 18, 2017 / 7:12 PM / a month ago

Airbnb sees full-year profitability in 2017

(Reuters) - Short-term home rental service Airbnb said on Monday it would record a full year of profitability in 2017, helped by growth in emerging markets such as China.

“We will be profitable, as measured by EBITDA ,” said Chris Lehane, global head of policy and public affairs, in a conference call.

“The third quarter was the strongest quarter in the company’s history and this year.”

The company said guest arrivals in its listings in the Chinese market nearly tripled from last year.

Airbnb has over 4 million listings globally and over 200 million guest arrivals in listings, according to a company data published in August.

Founded in 2008, the company is widely expected to debut in 2018 and would be one of the most sought-after IPOs.

Reporting by Arjun Panchadar and Pushkala Aripaka in Bengaluru; Editing by Arun Koyyur

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