Airbnb said its Q3 2024 revenue rose to $3.7 billion from Q3 2023, up 10%. The company cited growth in nights stayed and a modest increase in ADR as the drivers of the revenue increase.

1. 01

   Airbnb said its Q3 2024 revenue rose to $3.7 billion from Q3 2023, up 10%. The company cited growth in nights stayed and a modest increase in ADR as the drivers of the revenue increase.

2. 02

   Airbnb said its net income for Q3 2024 fell to $1.4 billion (a net income margin of 37%) from $4.4 billion in Q3 2023. The company cited the prior-year release of a valuation allowance on its U.S. deferred tax assets of $2.8 billion, and non-cash tax expense this year related to the use of some of those assets, as factors.

3. 03

   Airbnb said net cash provided by operating activities for Q3 2024 was $1.1 billion, down from $1.3 billion in Q3 2023, and free cash flow was $1.1 billion (a margin of 29%). The company cited a $163 million payment to the IRS related to an outstanding matter as the factor behind the decline.

4. 04

   Airbnb said it repurchased $1.1 billion of Class A common stock in Q3 2024 and had $4.2 billion remaining under its $6 billion authorization as of September 30, 2024. The company said its fully diluted share count fell from 681 million to 665 million.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. 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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