The Short Lived Gains of the Gig Economy Darling Airbnb's latest quarterly earnings report showed impressive growth, with revenue climbing 17% year over year and beating analyst estimates.
Net income soared to $816 million from $642 million in the same period last year, while free cash flow jumped 30%. This performance has investors feeling optimistic about the company's prospects.
However, a closer look at the numbers reveals that Airbnb's success is not without its challenges.