Growth Memo

Growth Memo

Can Network Effects replace Performance Marketing?

Kevin Indig's avatar
Kevin Indig
Nov 21, 2022
∙ Paid

Airbnb crushed the third quarter of 2022. Bookings reached almost 100M and increased +25% year-over-year with a +42% improvement in net income margin.

Airbnb's net income vs. sales & marketing cost

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