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Airbnb earnings breakdown + Gen Z becoming adults on the internet | E1604
This Week in Startups
The Dream Scenario for Investors
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Airbnb said the main reasons for profit growth, going back to our conversation yesterday increased revenue and disciplined spending. The increasing cash flow was driven by revenue growth and margin expansion net income was up 46% year over year to $1.2 billion. When you have a marketplace and the network effects kick in, you get more users,. You get more hosts, they tell their friends about it. Real world virality is a real thing.
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