Airbnb Inc

ABNB

Equity

ISIN US0090661010 / Valor 58382412

NASDAQ (2024-12-26)

USD 135.32+0.24%

Airbnb Inc
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About company

Airbnb Inc is an online marketplace that connects people looking to rent out their homes with travelers seeking accommodations.

Summarized from source with an LLMView SourceSector: Business Services

Revenue Growth

In the third quarter of 2024, Airbnb Inc. reported a revenue of $3.7 billion, marking a 10% increase compared to the same period in 2023. This growth was primarily driven by an increase in the number of nights stayed on the platform, alongside a modest rise in the Average Daily Rate (ADR).

Net Income

Airbnb Inc. achieved a net income of $1.4 billion in Q3 2024, which corresponds to a net income margin of 37%. This figure reflects a decrease from the previous year's net income due to a prior valuation allowance release of U.S. deferred tax assets and the recognition of non-cash tax expenses in the current year.

Adjusted EBITDA

The company's Adjusted EBITDA for Q3 2024 was $2.0 billion, representing a 7% year-over-year increase. This resulted in an Adjusted EBITDA Margin of 52%, slightly down from 54% in Q3 2023, showcasing the company's strong business performance and cost management.

Free Cash Flow

Airbnb Inc. generated $1.1 billion in Free Cash Flow (FCF) during the third quarter of 2024, with a FCF Margin of 29%. The trailing twelve months FCF was $4.1 billion, highlighting the company's robust cash-generating capabilities despite a year-over-year decline due to a significant IRS payment.

Share Repurchases

In Q3 2024, Airbnb Inc. repurchased $1.1 billion of its Class A common stock, contributing to a total of $3.3 billion in share repurchases over the trailing twelve months. This initiative reduced the fully diluted share count from 681 million at the end of Q3 2023 to 665 million at the end of Q3 2024.

Summarized from source with an LLMView Source

Key figures

-2.45%1Y

-21.0%3Y

%5Y

Performance

34.1%1Y

47.8%3Y

49.4%5Y

Volatility