Airbnb reported strong financial results for Q4 2023, with diluted EPS of $0.48, revenue of $1.9 billion, and gross booking value of $15.5 billion. The company ended the year with 99 million Nights and Experiences Booked, showing a 12% growth. Airbnb's FY23 revenues were over $9.9 billion, up significantly from FY15. The company expects Q1 revenue to surpass Street estimates, driven by strong international travel. Airbnb's stock reacted positively to the revenue beat and optimistic guidance, indicating a robust outlook for the company.
Airbnb $ABNB 4Q23 Earnings - Rev $2.2b +17% ↗️🟢 - GP $1.8b +18% ↗️🟢 margin 83% +83 bps ✅ - Adj EBITDA $738m +46% ↗️🟢 margin 33% +667 bps - EBIT -$496m ↘️ margin -22% -3472 bps ↘️🔴 - Net Inc -$349m* ↘️ margin -16% -3251 bps ↘️🔴 (incl $1bn tax) - Adj Net Inc $489m +53% ↗️🟢… https://t.co/FXOx85saIM
Airbnb with >1 million net listings in 2023, ending the year at ~7.7 million https://t.co/cuuZ2zR5ey
$ABNB Airbnb released its quarterly earnings. Revenue of $2.22B (+16.61% YoY) beats by $58M. EPS of $0.76 (+58.33% YoY) beats by $0.12. https://t.co/z4g7yMxJk6
Airbnb customer deposits nearly $6 billion (+23% y/y) drive significant cash balance. That combination of high net cash & rates mean $ABNB generated $721 million of interest income over past twelve months, very useful source of extra earnings. 💰💰💰 https://t.co/K9uZu14TQj
While Airbnb is guiding to 12-14% revenue growth, a couple of hints that underlying growth may be even stronger: customer deposits +23% & unearned fees +21%. Of course, timing can distort these metrics but strong nonetheless https://t.co/50SouzJT3v
Strong supply growth, mostly exclusive, is what makes Airbnb stand out from OTAs & others. $ABNB stays still only a tenth of hotels = very long runway for growth even if travel slows overall. $MAR $HLT $EXPE $BKNG $XLY https://t.co/tq6APZZNtc
Airbnb reports better-than-expected revenue and beats on guidance $ABNB https://t.co/P7eqjoXmz3
Airbnb’s stock bounces around after revenue beat, positive guidance https://t.co/TgHLYfYYUK
Airbnb's revenues were ~$9.9 billion in FY23 - up >10x since FY15 https://t.co/pg5MkGnwbt
Airbnb sees Q1 revenue above Street estimates on strong international travel https://t.co/fcmMYK8lGS https://t.co/4j4tjV3Esx
Airbnb Inc $ABNB Earnings: - Diluted EPS of $0.48 - Revenue of $1.9 billion - Gross booking value of $15.5 billion Management commented on the quarter, saying: "Airbnb ended 2023 with another strong quarter. In Q4, Nights and Experiences Booked totaled 99 million, growing 12%… https://t.co/tLGXOaR5T8
Airbnb ended 2023 stronger than analysts’ had expected and gave an optimistic outlook for the start of this year, fueled by growth in international markets and suggesting that the post-pandemic travel boom has yet to run out of steam. https://t.co/wxbWQF4bXo