Airbnb reported fourth-quarter earnings that beat analysts’ estimates, with shares jumping 15% in extended trading. The company issued soft guidance for the first quarter but delivered strong results overall. Here’s a breakdown of how Airbnb performed compared to expectations:
* Earnings per share: $0.73 vs. $0.58 expected
* Revenue: $2.48 billion vs. $2.42 billion expected
* Revenue increased 12% from $2.22 billion in the same period last year, driven by a strong host base of over 5 million.
Airbnb also reported:
* A net income of $461 million, or 73 cents per share
* Adjusted profit for the fourth quarter was $765 million, up 4% year-over-year
* Gross booking value reached $17.6 billion, above analysts’ expectations
The company attributed its success to new product updates and a strengthened technology stack, driving higher conversion rates. Airbnb also announced plans to launch new offerings in May.
In addition to its financial performance, Airbnb highlighted its philanthropic efforts through Airbnb.org, which has housed over 19,000 people and pets since the devastating wildfires in Los Angeles last month. The company pledged to offer 100,000 free nights and received $27 million in donations.
Airbnb’s shares have risen by about 7% for the year, outperforming the Nasdaq index. The company will hold its quarterly call with investors later today.
Source: https://www.cnbc.com/2025/02/13/airbnb-abnb-q4-earnings-2024.html