Last year, it produced $2.2 billion in free cash flow - a record high. It helps allow Airbnb to generate significant free cash flow, or the money that's left after it pays all its bills.
Its asset-lite business model, where it charges guests for those services it offers to hosts, has made it a risk-free benefit. That, of course, has also been part of the allure in investing in Airbnb. Part of the allure will be free insurance coverage for up to $1 million in liability protection and $1 million in damage protection as well as Airbnb covering the costs of pet damage, deep cleaning, and more.
It launched a new marketing campaign during the quarter, and traffic to the hosting landing page increased nearly 40% compared to two years ago.
But that's not enough - Airbnb wants more people to sign up as hosts.
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