On February 13, 2025, Airbnb Inc (ABNB, Financial) released its 8-K filing, showcasing a robust financial performance for the fourth quarter of 2024. The company reported a revenue of $2.5 billion, surpassing the analyst estimate of $2.42 billion, marking a 12% increase compared to the same period last year. This growth was primarily driven by a 12% year-over-year increase in nights stayed on the platform.
Founded in 2008, Airbnb is the world's largest online alternative accommodation travel agency, offering booking services for boutique hotels and experiences. As of September 30, 2024, Airbnb's platform boasted over 8 million active accommodation listings from more than 5 million hosts worldwide. In 2023, 50% of Airbnb's revenue was generated from the North American region, with transaction fees for online bookings accounting for all its revenue.
Airbnb Inc (ABNB, Financial) reported a net income of $461 million for Q4 2024, a significant turnaround from a net loss of $349 million in Q4 2023. The net income margin stood at 19%. The company's adjusted EBITDA was $765 million, reflecting a 4% year-over-year increase, although the adjusted EBITDA margin slightly decreased to 31% from 33% in the previous year. Despite these achievements, the company faces challenges such as maintaining growth momentum and managing costs effectively to sustain profitability.
Airbnb's financial achievements in Q4 2024 underscore its strong position in the Travel & Leisure industry. The company generated $458 million in free cash flow, highlighting its robust cash-generating business model. Additionally, Airbnb's gross booking value (GBV) reached $17.6 billion, a 13% year-over-year increase, driven by strong growth in nights and experiences booked.
Airbnb's income statement reveals a revenue increase to $2.5 billion in Q4 2024 from $2.2 billion in Q4 2023. The balance sheet shows cash and cash equivalents of $10.6 billion as of December 31, 2024. The company's free cash flow margin was 18% for the quarter, and the trailing twelve months (TTM) free cash flow was $4.5 billion, representing a TTM free cash flow margin of 40%.
Our strong cash flow enabled us to repurchase $838 million of our Class A common stock in Q4 2024," the company stated, emphasizing its commitment to returning capital to shareholders.
| Financial Metric | Q4 2024 | FY 2024 |
|---|---|---|
| Revenue | $2.5B | $11.1B |
| Net Income | $461M | $2.6B |
| Adjusted EBITDA | $765M | $4.0B |
| Free Cash Flow | $458M | $4.5B |
Airbnb Inc (ABNB, Financial) has demonstrated resilience and adaptability in a competitive market, with its Q4 2024 results reflecting strong demand and effective monetization strategies. The company's ability to generate significant free cash flow and its strategic share repurchases indicate a solid financial foundation. However, maintaining growth in the face of potential economic headwinds and increasing competition remains a critical focus for Airbnb as it continues to expand its global footprint and enhance its platform offerings.
Explore the complete 8-K earnings release (here) from Airbnb Inc for further details.
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