- The WSJ reports Airbnb (AIRB) has raised another $100M+ at the $25.5B valuation it received in a July round. The reported funding comes at a time when the tech IPO market has cooled - Square and Match Group delivered healthy post-IPO gains this week, but only after conservatively pricing their offerings - and amid signs some late-stage private tech investors have become more cautious.
- Apparently aiding Airbnb's funding efforts: The company produced Q3 revenue of $340M on bookings of $2.2B, per a slide deck seen by the WSJ. The home/apartment rental marketplace now expects 2015 revenue of $900M, up from a prior forecast of $825M. Airbnb collects a 3% booking fee, along with a 6%-12% service fee from guests.
- Earlier this month, Expedia announced it's buying vacation home rental marketplace HomeAway for a relatively modest $3.9B, a move partly viewed as an attempt to counter Airbnb's growth.