AI English summary of an SEC filing — figures as filed
Airbnb ABNBAirbnb said revenue for the 3-month period ended June 30, 2024 rose 11% from the same period a year earlier, an increase of $2.7 billion. The company cited a 9% increase in Nights and Experiences Booked and a 11% increase in GBV as the drivers.
Key points
AI summaryAirbnb said revenue for the 3-month period ended June 30, 2024 rose 11% from the same period a year earlier, an increase of $2.7 billion. The company cited a 9% increase in Nights and Experiences Booked and a 11% increase in GBV as the drivers.
The company said net income for the 3-month period fell 15% to $555 million, and income tax expense rose by $100 million. Adjusted EBITDA for the same period rose 9% to $894 million.
The company said cash provided by operating activities for the 3-month period was $1.1 billion (compared with $909 million a year earlier), and Free Cash Flow was $1.0 billion (compared with $900 million a year earlier). The company cited revenue growth and higher deferred revenue from unearned fees as the drivers.
The company said it repurchased 4.9 million shares of Class A common stock for $749 million over the 3-month period, and that the remaining amount available under its share repurchase program was $5.3 billion as of June 30, 2024. It said cash, cash equivalents and short-term investments were $11.3 billion on the same date.
Key figures
Quarter ended June 30, 2024
- Revenue
- $2.7B
- Operating income
- $497M
- Net income
- $555M
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.
Q2 Revenue and Booking Metrics
Airbnb said revenue for the 3-month period ended June 30, 2024 rose 11% from the same period a year earlier, an increase of $2.7 billion. The company cited a 9% increase in Nights and Experiences Booked and a 11% increase in GBV as the drivers.
Source · Based on the MD&A text of the filing
Q2 Net Income and Adjusted EBITDA
The company said net income for the 3-month period fell 15% to $555 million, and income tax expense rose by $100 million. Adjusted EBITDA for the same period rose 9% to $894 million.
Source · Based on the MD&A text of the filing
Cash Flows and Free Cash Flow
The company said cash provided by operating activities for the 3-month period was $1.1 billion (compared with $909 million a year earlier), and Free Cash Flow was $1.0 billion (compared with $900 million a year earlier). The company cited revenue growth and higher deferred revenue from unearned fees as the drivers.
Source · Based on the MD&A text of the filing
Share Repurchases and Liquidity
The company said it repurchased 4.9 million shares of Class A common stock for $749 million over the 3-month period, and that the remaining amount available under its share repurchase program was $5.3 billion as of June 30, 2024. It said cash, cash equivalents and short-term investments were $11.3 billion on the same date.
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.
Loading the filing text…