A woman talks on the phone at the Airbnb headquarters in San Francisco on Aug. 2, 2016.Gabrielle Lurie/Reuters
Home rentals giant Airbnb Inc swung to a loss for the first nine months of last year as costs climbed sharply, The Wall Street Journal reported on Tuesday, citing people close to the company.
The company posted a net loss of $322 million for the first nine months through September 2019, compared with a $200 million profit for the same period a year earlier, the report added.
In September last year, the company said it planned to list its shares in 2020.
It is widely expected to take a direct-listing route for its flotation.
Airbnb did not immediately respond to Reuters request for comments.