Airbnb said 2024 revenue increased 12% compared to 2023 to $11.1 billion, citing a 10% increase in Nights and Experiences Booked of 43.3 million combined with higher Average Daily Rate. The company said Gross Booking Value increased 12% to $8.5 billion.

1. 01

   Airbnb said 2024 revenue increased 12% compared to 2023 to $11.1 billion, citing a 10% increase in Nights and Experiences Booked of 43.3 million combined with higher Average Daily Rate. The company said Gross Booking Value increased 12% to $8.5 billion.

2. 02

   Airbnb said 2024 net income decreased 45% compared to the prior year to $2.6 billion, citing as factors the release of $2.9 billion of its valuation allowance on U.S. federal and state deferred tax assets in 2023 and the recognition of deferred tax expense in 2024. The company said Adjusted EBITDA increased 11% to $4.0 billion.

3. 03

   Airbnb said general and administrative expense in 2024 decreased $840 million, or 41%, compared to 2023. The company cited a withholding tax settlement related to Italy as the factor for a decrease in non-income taxes of $656 million and related fees and penalties of $194 million.

4. 04

   Airbnb said net cash provided by operating activities in 2024 was $4.5 billion, compared to $3.9 billion in the prior year, and Free Cash Flow was $4.5 billion, compared to $3.8 billion in the prior year. The company said it repurchased 24.5 million shares of Class A common stock for $3.4 billion during the year, and as of December 31, 2024 had $3.3 billion available for repurchase of Class A common stock.

Key figures

Fiscal year ended December 31, 2024

Revenue

$11.1B

Operating income

$2.6B

Net income

$2.6B

Operating cash flow

$4.5B

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.

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.