Airbnb Announces Fourth Quarter and Full Year 2024 Results

Rhea-AI Summary

Airbnb (NASDAQ: ABNB) reported strong Q4 2024 financial results, with revenue reaching $2.5 billion, up 12% year-over-year. The company achieved a net income of $461 million, representing a 19% margin, compared to a net loss of $349 million in Q4 2023. Q4 Adjusted EBITDA grew 4% to $765 million, with a 31% margin.

The company demonstrated robust cash flow generation with Q4 Free Cash Flow of $458 million (18% margin) and full-year FCF of $4.5 billion (40% margin). Airbnb continued its substantial share repurchase program, buying back $838 million of stock in Q4 and $3.4 billion throughout 2024, reducing fully diluted shares from 676 million to 658 million.

Positive

• Revenue increased 12% YoY to $2.5 billion in Q4 2024
• Net income of $461 million, representing 19% margin
• Strong free cash flow of $4.5 billion for full-year 2024
• Significant share repurchases of $3.4 billion in 2024
• Reduction in fully diluted share count from 676M to 658M

Negative

• Adjusted EBITDA margin declined from 33% in Q4 2023 to 31% in Q4 2024

News Market Reaction

+14.45%

1 alert

+14.45% News Effect

On the day this news was published, ABNB gained 14.45%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

SAN FRANCISCO, Feb. 13, 2025 /PRNewswire/ -- Airbnb, Inc. (NASDAQ: ABNB) has posted a shareholder letter containing its fourth quarter and full year 2024 financial results on its Investor Relations website at https://investors.airbnb.com.

Q4 and Full-Year 2024 Financial Results

Here’s a snapshot of our Q4 and full-year 2024 results:

• Q4 revenue was $2.5 billion, up 12% year-over-year. Revenue increased to $2.5 billion in Q4 2024 from $2.2 billion in Q4 2023, primarily driven by solid growth in nights stayed and a modest increase in Average Daily Rate (“ADR”).
• Q4 net income was $461 million, representing a 19% net income margin. Net income increased to $461 million in Q4 2024 compared to a net loss of $349 million in Q4 2023. In Q4 2023, net loss included non-recurring tax withholding expenses and lodging tax reserves of approximately $1 billion.
• Q4 Adjusted EBITDA was $765 million, up 4% year-over-year. Adjusted EBITDA increased to $765 million in Q4 2024 from $738 million in Q4 2023, which demonstrates the continued strength of our business and discipline in managing our cost structure. Adjusted EBITDA Margin was 31% in Q4 2024 compared to 33% in Q4 2023.
• Q4 Free Cash Flow (FCF) was $458 million, representing an FCF Margin of 18%. In Q4 2024, net cash provided by operating activities was $466 million compared to $63 million in Q4 2023. In Q4 2023, net cash provided by operating activities included non-recurring tax items associated with host withholding and lodging taxes. Our full-year 2024 FCF was $4.5 billion, representing an FCF Margin of 40%.*
• Q4 share repurchases of $838 million. Our strong cash flow enabled us to repurchase $838 million of our Class A common stock in Q4 2024. Share repurchases during full-year 2024 totaled $3.4 billion and helped us to reduce our fully diluted share count from 676 million at the end of 2023 to 658 million at the end of 2024. As of December 31, 2024, we had the ability to purchase up to $3.3 billion of our Class A common stock under our current share repurchase authorization.

*A reconciliation of non-GAAP financial measures to the most comparable GAAP measures is provided at the end of this letter.

Airbnb will host an audio webcast to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET today. The link to the webcast will be made available on the Investor Relations website at https://investors.airbnb.com.

Interested parties can register for the call in advance by visiting https://registrations.events/direct/Q4I6636537. After registering, instructions will be shared on how to join the call.

About Airbnb
Airbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home, and has since grown to over 5 million Hosts who have welcomed over 2 billion guest arrivals in almost every country across the globe. Every day, Hosts offer unique stays and experiences that make it possible for guests to connect with communities in a more authentic way.

View original content to download multimedia:https://www.prnewswire.com/news-releases/airbnb-announces-fourth-quarter-and-full-year-2024-results-302370264.html

SOURCE Airbnb, Inc.

FAQ

What was Airbnb's (ABNB) Q4 2024 revenue growth?

Airbnb's Q4 2024 revenue grew 12% year-over-year to $2.5 billion, driven by solid growth in nights stayed and a modest increase in Average Daily Rate.

How much did Airbnb (ABNB) spend on share repurchases in 2024?

Airbnb spent $3.4 billion on share repurchases during 2024, including $838 million in Q4 2024.

What was Airbnb's (ABNB) net income for Q4 2024?

Airbnb reported a net income of $461 million in Q4 2024, representing a 19% net income margin.

What is Airbnb's (ABNB) remaining share repurchase authorization?

As of December 31, 2024, Airbnb had the ability to purchase up to $3.3 billion of Class A common stock under its current share repurchase authorization.

What was Airbnb's (ABNB) free cash flow for full-year 2024?

Airbnb generated $4.5 billion in free cash flow for full-year 2024, representing a 40% FCF margin.