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Airbnb Raises $100 Million Only Months After Last Funding Round

Airbnb MGM Grand Signature Las VegasAirbnb MGM Grand Signature Las Vegas
An Airbnb listing at the MGM Grand Signature in Las Vegas, Nevada.Courtesy of Airbnb

Home-sharing startup Airbnb has raised a fresh $100 million in funding at a $25.5 billion valuation, according to a report from the Wall Street Journal.

This latest round of funding comes only months after a $1.5 billion mega-round the company raised at the same $25.5 billion valuation, signaling that Silicon Valley soaring valuations may be cooling off. The report also includes figures from a recent presentation the company showed off to investors as part of its fundraising including data about its bookings, revenue, and financial forecasts.

According to the presentation, Airbnb generated $2.2 billion in bookings in the third quarter, and $340 million in revenues (the company takes a small cut from the bookings). Guests booked 23.8 million nights in the third quarter, compared with 11.3 million in the same quarter last year. Airbnb now forecasts revenue of $900 million for this year after previously projecting $825 million for the fundraising completed in July.

The Journal pointed out that a bottom line is missing from the presentation, which it said was likely because of Airbnb’s big losses. In June, the Journal reported that Airbnb expected an operating loss of about $150 million for this year.

However, Airbnb is actually fairly close to profitability, which it expects to reach in 2016, a source close to the company told Fortune. In contrast, the Journal‘s source says this will happen in 2017.

The new round comes just at the heels of a political battle the company waged in its hometown of San Francisco. Earlier this month, Airbnb successfully defeated a ballot measure that would have imposed much stricter limits on its customers’ use of the service. Airbnb spent more than $8 million fighting the measure and has since said it plans to organize local community-based political efforts to ensure regulations don’t stifle its operations.

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