Morgan Stanley Research released a report predicting Airbnb’s growth momentum in major markets in the United States and Europe will slow downAfter，Airbnb recently released a memo containing detailed revenue for the third quarter in response。

Memo display，The privately held San Francisco-based company described the past third quarter as “the strongest third quarter in Airbnb’s history”，It is also the “first quarter in the history of the company with revenue exceeding US$1 billion”。

From historical records，The short-term rental giant, valued at $31 billion after its latest round of financing, had previously been tight-lipped about its financial situation。The memo issued last Friday indicates that Airbnb is changing its strategy-this may be a response to recent reports that Airbnb’s growth is slowing，It may also be a sign that the company is preparing for the final IPO。

The memo lists the growth data 188bet sports betting app download of guest rooms in some cities in the third quarter。For example，Beijing increased by 91%、Mexico grew 79%、London Birmingham grew 70%、Johannesburg grew by 67%, etc.。However，The company did not disclose the specific number of guests staying in Airbnb properties。The company also pointed out，Since Airbnb’s founding in 2008，The number of guests received by the platform has exceeded 400 million。

Although Uber、WeWork and other large private companies are gradually disclosing more financial information before going public，But Airbnb has not followed these companies’ practices，Still no mention of profits or other financial data in the announcement document，A company spokesperson told CNBC，"We will continue to provide information on the progress of our work in the future。”

However，A source familiar with Airbnb’s financial situation told CNBC，Based on earnings before interest, taxes, depreciation and amortization (EBITDA)，The company will be profitable for the second consecutive year。Last year，Airbnb announced，2017 revenue of US$2.6 billion，Realized profit of US$100 million。

Starting from February this year，The company has not announced new candidates to fill the vacancies after the departure of former CFO Lawrence Tosi。It is reported，He and CEO Brian Chesky disagreed over when the company should go public: 188bet app download Tosi wanted the company to go public as soon as possible，This also meets the needs of some investors to exchange equity interests，And Chesky insists，Airbnb is still committed to actively making preparations，Don’t rush to market。

It is worth mentioning，Tosi is well respected on Wall Street，Help the company achieve its first profit before leaving Airbnb。At the critical moment when the company plans to be ready to go public in the middle of next year，People have also begun to speculate on who can ultimately help Airbnb go public。

In fact，Except for the question of when it will be launched，Tosi and Chesky on how to launch a ticket business、There are also great differences in business expansion methods and future business layout，Reflecting the game between the Wall Street faction and the Silicon Valley faction。

Before,Zhihui publishes a series of articles on Airbnb’s road to IPO. These articles point out that Airbnb isIssues encountered in IPO include regulatory challenges、Accelerate the development of business in emerging markets such as China and maintain good relations with the global landlord community, etc.。

Another challenge facing Airbnb is，From Expedia、Competitive pressure from OTAs such as Booking Holdings is increasing。These OTA giants invest a lot of money every year to expand their private 188bet app download accommodation business。Technology company investor Bill Gurley said，Airbnb is suffering some losses due to its private nature。

“Many entrepreneurs will say，It is better for enterprises to be privately owned，This will give the company many advantages，" Gurley said，“Some people are hurting Chesky now by saying Airbnb is a private company。Morgan Stanley writes out the report，Then say，We think this is where the industry is going now。Also，Booking Holdings CEO Glenn Fogel may also spread the news，Because Booking is also a listed company，He can say this。But if private companies don’t publish any data，Then this company can only bear all the trouble caused by the report。”

In the memo issued last Friday，Airbnb did not disclose the number of newly added listings for its new product Airbnb Plus on the platform，The number of rooms available for immediate booking has not yet been announced。However，As competition with Booking and Expedia becomes increasingly fierce，Increase the number of properties on the platform to become Airbnb and Booking、Expedia’s main goal of competition。

As Airbnb IPO date approaches，Investors in travel technology companies like Gurley pay close attention to the data disclosed by the company，Especially the relevant data reflecting the company’s financial health and 188bet app the growth of the platform’s housing inventory。