Airbnb said its revenue rose 18% to $9.9 billion in 2023 from 2022. The company cited a 14% increase in Nights and Experiences Booked and higher average daily rates (ADR) as factors. It said revenue growth on a constant-currency basis was 17%.

10-KAnnual reportFiled Feb 16, 2024Period of report Dec 31, 2023Summary published (UTC) Oct 24, 2026

Key points

AI summary

Airbnb said its revenue rose 18% to $9.9 billion in 2023 from 2022. The company cited a 14% increase in Nights and Experiences Booked and higher average daily rates (ADR) as factors. It said revenue growth on a constant-currency basis was 17%.
Airbnb said its net income rose 153% to $4.8 billion in 2023 from the prior year. The company cited revenue growth, higher interest income, cost management and the partial release of its valuation allowance on deferred tax assets of $2.9 billion as factors. It said business and operational taxes rose $991 million, and that the majority of that increase was non-recurring.
Airbnb said its net cash provided by operating activities was $3.9 billion in 2023 (compared with $3.4 billion in the prior year), and its Free Cash Flow was $3.8 billion (compared with $3.4 billion in the prior year). The company cited growth in revenue, unearned fees and net income as factors.
Airbnb said it repurchased 17.9 million shares of Class A common stock for $2.3 billion in 2023 under two share repurchase programs. As of December 31, 2023, $750 million remained available for repurchases under its Class A common stock repurchase program. On February 2024, its board of directors approved an additional program of up to $6.0 billion.

Key figures

Fiscal year ended December 31, 2023

Revenue: $9.9B
Operating income: $1.5B
Net income: $4.8B
Operating cash flow: $3.9B

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Airbnb Revenue Up 18% in 2023, $9.9 billion

Airbnb said its revenue rose 18% to $9.9 billion in 2023 from 2022. The company cited a 14% increase in Nights and Experiences Booked and higher average daily rates (ADR) as factors. It said revenue growth on a constant-currency basis was 17%.

Source · Based on the MD&A text of the filing

Net Income $4.8 billion, Valuation Allowance Release $2.9 billion

Airbnb said its net income rose 153% to $4.8 billion in 2023 from the prior year. The company cited revenue growth, higher interest income, cost management and the partial release of its valuation allowance on deferred tax assets of $2.9 billion as factors. It said business and operational taxes rose $991 million, and that the majority of that increase was non-recurring.

Source · Based on the MD&A text of the filing

Operating Cash Flow $3.9 billion, Free Cash Flow $3.8 billion

Airbnb said its net cash provided by operating activities was $3.9 billion in 2023 (compared with $3.4 billion in the prior year), and its Free Cash Flow was $3.8 billion (compared with $3.4 billion in the prior year). The company cited growth in revenue, unearned fees and net income as factors.

Source · Based on the MD&A text of the filing

Airbnb Repurchases 17.9 million Shares in 2023, $2.3 billion

Airbnb said it repurchased 17.9 million shares of Class A common stock for $2.3 billion in 2023 under two share repurchase programs. As of December 31, 2023, $750 million remained available for repurchases under its Class A common stock repurchase program. On February 2024, its board of directors approved an additional program of up to $6.0 billion.

Source · Based on the MD&A text of the filing

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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