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Airbnb Announces Fourth Quarter and Full Year 2024 Results

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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.

Airbnb (NASDAQ: ABNB) ha riportato risultati finanziari solidi per il quarto trimestre del 2024, con ricavi che hanno raggiunto 2,5 miliardi di dollari, in aumento del 12% rispetto all'anno precedente. L'azienda ha registrato un utile netto di 461 milioni di dollari, che rappresenta un margine del 19%, rispetto a una perdita netta di 349 milioni di dollari nel quarto trimestre del 2023. L'EBITDA rettificato del quarto trimestre è cresciuto del 4% fino a 765 milioni di dollari, con un margine del 31%.

L'azienda ha dimostrato una robusta generazione di flusso di cassa con un flusso di cassa libero del quarto trimestre di 458 milioni di dollari (margine del 18%) e un flusso di cassa libero per l'intero anno di 4,5 miliardi di dollari (margine del 40%). Airbnb ha continuato il suo sostanzioso programma di riacquisto di azioni, riacquistando 838 milioni di dollari di azioni nel quarto trimestre e 3,4 miliardi di dollari durante il 2024, riducendo le azioni totalmente diluite da 676 milioni a 658 milioni.

Airbnb (NASDAQ: ABNB) reportó sólidos resultados financieros para el cuarto trimestre de 2024, con ingresos alcanzando 2.5 mil millones de dólares, un aumento del 12% interanual. La compañía logró un ingreso neto de 461 millones de dólares, lo que representa un margen del 19%, en comparación con una pérdida neta de 349 millones de dólares en el cuarto trimestre de 2023. El EBITDA ajustado del cuarto trimestre creció un 4% hasta 765 millones de dólares, con un margen del 31%.

La compañía demostró una robusta generación de flujo de efectivo con un flujo de efectivo libre en el cuarto trimestre de 458 millones de dólares (margen del 18%) y un flujo de efectivo libre para todo el año de 4.5 mil millones de dólares (margen del 40%). Airbnb continuó con su sustancial programa de recompra de acciones, recomprando 838 millones de dólares en acciones en el cuarto trimestre y 3.4 mil millones de dólares durante 2024, reduciendo las acciones totalmente diluidas de 676 millones a 658 millones.

에어비앤비 (NASDAQ: ABNB)는 2024년 4분기 강력한 재무 결과를 보고했으며, 수익은 25억 달러에 달해 전년 대비 12% 증가했습니다. 회사는 4억 6100만 달러의 순이익을 기록하여 19%의 마진을 나타냈으며, 2023년 4분기에는 3억 4900만 달러의 순손실을 기록했습니다. 4분기 조정 EBITDA는 4% 증가하여 7억 6500만 달러에 도달했으며, 마진은 31%입니다.

회사는 4분기 자유 현금 흐름이 4억 5800만 달러 (18% 마진)로 강력한 현금 흐름 생성 능력을 보여주었고, 연간 자유 현금 흐름은 45억 달러 (40% 마진)로 나타났습니다. 에어비앤비는 4분기에 8억 3800만 달러의 자사주 매입을 지속하였고, 2024년 동안 34억 달러를 매입하여, 희석된 총 주식 수를 6억 7600만 주에서 6억 5800만 주로 줄였습니다.

Airbnb (NASDAQ: ABNB) a annoncé de solides résultats financiers pour le quatrième trimestre 2024, avec des revenus atteignant 2,5 milliards de dollars, en hausse de 12 % par rapport à l'année précédente. L'entreprise a réalisé un bénéfice net de 461 millions de dollars, représentant une marge de 19 %, contre une perte nette de 349 millions de dollars au quatrième trimestre 2023. L'EBITDA ajusté du quatrième trimestre a augmenté de 4 % pour atteindre 765 millions de dollars, avec une marge de 31 %.

L'entreprise a démontré une génération de flux de trésorerie robuste avec un flux de trésorerie libre de 458 millions de dollars (marge de 18 %) pour le quatrième trimestre et un flux de trésorerie libre de 4,5 milliards de dollars (marge de 40 %) pour l'année entière. Airbnb a poursuivi son programme substantiel de rachat d'actions, rachetant pour 838 millions de dollars d'actions au quatrième trimestre et 3,4 milliards de dollars tout au long de 2024, réduisant le nombre total d'actions diluées de 676 millions à 658 millions.

Airbnb (NASDAQ: ABNB) meldete im vierten Quartal 2024 starke finanzielle Ergebnisse, mit einem Umsatz von 2,5 Milliarden Dollar, was einem Anstieg von 12% im Vergleich zum Vorjahr entspricht. Das Unternehmen erzielte einen Nettoertrag von 461 Millionen Dollar, was einer Marge von 19% entspricht, im Vergleich zu einem Nettoverlust von 349 Millionen Dollar im vierten Quartal 2023. Das bereinigte EBITDA des vierten Quartals wuchs um 4% auf 765 Millionen Dollar, mit einer Marge von 31%.

Das Unternehmen zeigte eine robuste Generierung des Cashflows mit einem freien Cashflow im vierten Quartal von 458 Millionen Dollar (18% Marge) und einem gesamten freien Cashflow für das Jahr von 4,5 Milliarden Dollar (40% Marge). Airbnb setzte sein umfangreiches Aktienrückkaufprogramm fort und kaufte im vierten Quartal Aktien im Wert von 838 Millionen Dollar und 3,4 Milliarden Dollar im gesamten Jahr 2024 zurück, wodurch die vollständig verwässerten Aktien von 676 Millionen auf 658 Millionen reduziert wurden.

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

Insights

Airbnb's Q4 2024 results reveal a company executing with precision while maintaining robust profitability metrics. The 12% revenue growth to $2.5 billion demonstrates sustained market demand, driven by increased nights stayed and ADR improvements. This growth rate, while modest, suggests market maturation and pricing power.

The standout metric is the company's exceptional cash generation capability, with a full-year Free Cash Flow of $4.5 billion representing a remarkable 40% FCF margin. This level of cash conversion efficiency surpasses many technology peers and provides substantial strategic flexibility. The strong cash position has enabled an aggressive capital return program, with $3.4 billion deployed in share repurchases during 2024, reducing the share count by 2.7%.

The slight compression in Adjusted EBITDA margin to 31% from 33% warrants attention but isn't concerning given the scale of operations and continued absolute growth in EBITDA. The shift from a substantial Q4 2023 loss to a $461 million profit in Q4 2024 demonstrates improved operational efficiency, even after adjusting for the previous year's one-time tax items.

The remaining $3.3 billion share repurchase authorization signals management's continued confidence in the business model and commitment to returning capital to shareholders. This strategic approach to capital allocation, combined with strong operational metrics, positions Airbnb favorably in the evolving travel accommodation market.

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.

Airbnb (PRNewsfoto/Airbnb, Inc.)

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.

Cision 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.

Airbnb, Inc.

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