Airbnb to Show Profit Improvement in Q3

A key measure of Airbnb’s profit rose by about two-thirds in the third quarter compared with the same period a year earlier, in a sign the travel rental site has controlled costs amid the pandemic-induced squeeze.

The company’s operating profit before depreciation, amortization and stock compensation expenses rose to about $500 million in the third quarter from about $300 million in the same period a year earlier, a person familiar with the matter said. Airbnb is slated to unveil the prospectus for its initial public offering later today, ahead of a planned public listing next month.