Airbnb records 30% growth in Q1 booking strength, says report

Airbnb had about $3.5 billion in cash on its balance sheet as of March 31, the source said

Airbnb Inc recorded $9.4 billion in total booking value in the first quarter, up 31 per cent  from the year-ago quarter, a source familiar with the matter said on Friday, a key number that could help pull in investors as the home-sharing company plans its foray into the public market.

The San Francisco-based home rentals company booked 91 million nights on its platform in the quarter, leading to the surge in total booking value, which measures the transaction dollars on its platform, the source said.

Airbnb had about $3.5 billion in cash on its balance sheet as of March 31, the source