Form 8-K · Current Report · Filed 2024-05-08
Airbnb Reports Strong Q1 2024 Financial Results
Airbnb, Inc. reported strong financial results for the first quarter of 2024, with revenue of $2.14 billion, a 18% increase year-over-year. Net income was $264 million, a significant increase from $117 million in Q1 2023. Adjusted EBITDA was $424 million, up 62% year-over-year. The company also repurchased $750 million of its Class A common stock during the quarter.
- Filer
- Airbnb Inc. ABNB · NASDAQ
- Filed
- Accession
- 0001193125-24-134183
- CIK
- 0001559720
- Signal
- High impactConsumer Cyclical
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Financial Statements and Exhibits
Market reaction
Close before filing
$159.81
Next session
-8.0%
Since filing
-5.2%
Latest close
$151.52
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from ABNB reporting the same item, with the next session's move:
Exhibits (1)
About Airbnb Inc.
Airbnb Inc. is a prominent player in the hospitality industry, offering an innovative online platform for short-term lodging and experiences worldwide. Its primary function is to connect hosts, who offer accommodations or experiences, with travelers seeking unique stays beyond traditional hotels. The Airbnb platform enables users to list, discover, and book accommodations ranging from single rooms and entire homes to treehouses and castles. Beyond hosting, Airbnb provides tourism-related experiences like guided tours, workshops, and cultural events, enhancing the travel experience for users. Airbnb has disrupted the traditional hospitality sector by leveraging the sharing economy, allowing individuals to monetize their property and skills while offering travelers diverse options. Founded in 2008 and headquartered in San Francisco, California, Airbnb has gained considerable market significance, representing a shift towards personalized and flexible travel solutions amidst the global travel industry's rapid evolution.
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