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Compass files S-1, reveals $3.7B in revenue on net loss of $270M

TechCrunch

Given the startup’s agency model, most of that revenue is paid out directly to the firm’s agents, who netted about $3 billion in commissions in 2020. Compass posted a net loss of $270 million in 2020, a net loss roughly in line with what it has experienced in the past two years.

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Robinhood files to go public after squeaking to profitability in 2020

TechCrunch

million in 2020. million, up around four times from its Q1 2020 result of $127.6 Notably, Robinhood was profitable in 2020, generating net income of around $7.4 That compares with a net loss of $107 million for 2019. Robinhood saw its revenues soar from $277.5 million in 2019 to $985.8

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Wish files to go public with 100M monthly actives, $1.75B in 2020 revenue thus far

TechCrunch

Wish’s S-1 (which is filed under its corporate name ContextLogic) is of particular interest given that COVID-19 and the global pandemic have changed consumer behavior around the world in 2020. Looking back in time, Wish saw its revenue growth slow in 2019, before expanding much more quickly in 2020. billion and $1.73

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Here’s how fast a few dozen startups grew in Q3 2020

TechCrunch

“Revenue for the first three quarters of 2020 is 11X our origination 2020 plan, and 18X versus the same period in 2019,” he said in an email. Bank digitization, O’Malley says, which has “been forced to happen rapidly and dramatically” in 2020. What’s driving growth? Software/SaaS.

Fintech 284
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Airbnb files to go public

TechCrunch

What changed from the first three quarters of 2019 to the first three quarters of 2020? million in the same period of 2020. So, where will Airbnb wind up in 2020 once it’s all done? In the June 30, 2020 quarter we see the real damage, with Airbnb’s revenue falling from $1.2 That’s a shocking decline.

.Net 359
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Lime touts a 2020 turnaround and 2021 profitability

TechCrunch

It turns out, Lime is basing this projection on EBIT, as opposed to more traditional net income. By November of 2019, Lime was talking about reaching EBIT positivity in 2020. But the start of 2020 was not kind on the company, with 100 of its staff losing their jobs and 12 markets getting dropped.

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Will ride-hailing profits ever come?

TechCrunch

Uber and Lyft lost a lot of money in 2020. billion in 2020. billion in 2020. billion in 2020 , an improvement from its 2019 loss of $8.51 However, if you lean on Uber’s definition of adjusted EBITDA, its 2019 and 2020 losses fall to $2.73 But the decline in demand harmed both companies. billion and $2.53

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