Airbnb said net income for Q1 2024 was $264 million, up 126% from $117 million in Q1 2023. The company cited revenue growth, interest income and cost management as factors. Its net income margin was 12%, compared with 6% in Q1 a year earlier.

1. 01

   Airbnb said net income for Q1 2024 was $264 million, up 126% from $117 million in Q1 2023. The company cited revenue growth, interest income and cost management as factors. Its net income margin was 12%, compared with 6% in Q1 a year earlier.

2. 02

   Airbnb said Adjusted EBITDA for Q1 2024 was $424 million, up 62% from $262 million in Q1 2023. Adjusted EBITDA margin was 20% in Q1 2024, compared with 14% in Q1 2023.

3. 03

   Airbnb said net cash provided by operating activities for Q1 2024 was $1.9 billion, up from $1.6 billion in Q1 2023. The company attributed the increase mainly to higher net income. Free cash flow for the trailing 12 months was $4.2 billion, with an FCF margin of 41%.

4. 04

   Airbnb said it repurchased $750 million of its Class A common stock in Q1 2024, and that share repurchases for the trailing 12 months totaled $2.5 billion. The company said its fully diluted share count fell from 697 million to 677 million. Its remaining repurchase authorization is $6 billion.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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