Last quarter, Airbnb's revenue grew 17% to $3.61B. Net income reached $816 million. What boggles my mind is that 22% of that was earned interest on the $12.2B that AirBnB holds for its customers. It also ended the quarter holding $12.2 billion for customers. Basically, when you pay a deposit for an AirBnB trip, the company will hold the money before sending it to the host. Technically, the company owes the money to the host BUT it can interest in the mean time. Doing this, they made $183 million
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