AI English summary of an SEC filing — figures as filed
Airbnb ABNBThe company said revenue for the quarter ended March 31, 2024 grew 18% to $2.1 billion. The company cited a 9.5% increase in Nights and Experiences Booked, a 12% increase in GBV, a modest increase in ADR, and the shift in timing of Easter from Q1 as factors.
Key points
AI summaryThe company said revenue for the quarter ended March 31, 2024 grew 18% to $2.1 billion. The company cited a 9.5% increase in Nights and Experiences Booked, a 12% increase in GBV, a modest increase in ADR, and the shift in timing of Easter from Q1 as factors.
Airbnb said net income for the quarter rose 126% from the same period a year earlier to $264 million, and Adjusted EBITDA increased 62% to $424 million. The company said Adjusted EBITDA Margin rose from 14% to 20%.
The company said net cash provided by operating activities for the quarter was $1.9 billion ($1.6 billion in the same period a year earlier), and Free Cash Flow was $1.9 billion ($1.6 billion in the same period a year earlier). It cited growth in net income and accrued expenses and other liabilities as factors.
The company said it repurchased 4.7 million shares of Class A common stock for $750 million during the quarter, and that as of March 31, 2024, the remaining amount available under its share repurchase program was $6.0 billion. As of the same date, cash, cash equivalents and short-term investments totaled $11.1 billion.
Key figures
Quarter ended March 31, 2024
- Revenue
- $2.1B
- Operating income
- $101M
- Net income
- $264M
- Operating cash flow
- $1.9B
From the XBRL financial data filed with the SEC · not processed by AI.
Summary
AI-writtenAnalysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.
Q1 2024 Revenue and Booking Metrics
The company said revenue for the quarter ended March 31, 2024 grew 18% to $2.1 billion. The company cited a 9.5% increase in Nights and Experiences Booked, a 12% increase in GBV, a modest increase in ADR, and the shift in timing of Easter from Q1 as factors.
Source · Based on the MD&A text of the filing
Net Income and Adjusted EBITDA
Airbnb said net income for the quarter rose 126% from the same period a year earlier to $264 million, and Adjusted EBITDA increased 62% to $424 million. The company said Adjusted EBITDA Margin rose from 14% to 20%.
Source · Based on the MD&A text of the filing
Operating Cash Flow and Free Cash Flow
The company said net cash provided by operating activities for the quarter was $1.9 billion ($1.6 billion in the same period a year earlier), and Free Cash Flow was $1.9 billion ($1.6 billion in the same period a year earlier). It cited growth in net income and accrued expenses and other liabilities as factors.
Source · Based on the MD&A text of the filing
Share Repurchases and Liquidity
The company said it repurchased 4.7 million shares of Class A common stock for $750 million during the quarter, and that as of March 31, 2024, the remaining amount available under its share repurchase program was $6.0 billion. As of the same date, cash, cash equivalents and short-term investments totaled $11.1 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
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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