Airbnb, Inc. reported a 12% increase in revenue for the fiscal year ending December 31, 2024, reaching $11.1 billion, driven by a 10% rise in Nights and Experiences Booked, totaling 492 million. The Gross Booking Value (GBV) also saw a 12% increase, amounting to $81.8 billion, reflecting strong travel demand. However, net income decreased by 45% to $2.6 billion, primarily due to the prior year's release of a $2.9 billion valuation allowance on deferred tax assets, which was not repeated in 2024. Adjusted EBITDA rose 11% to $4.0 billion, indicating effective cost management alongside revenue growth.
In terms of operational metrics, Airbnb's customer base expanded, with 5 million hosts welcoming over 2 billion guest arrivals since its inception. The company has also made significant strides in geographic expansion, with 58% of its revenue generated from listings outside the United States. The Average Daily Rate (ADR) increased by 2%, driven by growth in the EMEA region, while the average nights per booking slightly decreased from 3.9 to 3.8. The company’s employee headcount stood at approximately 7,300 as of December 31, 2024.
Strategically, Airbnb has focused on enhancing its platform and expanding its offerings. In 2024, the company introduced the Co-Host Network, allowing hosts to find experienced co-hosts to assist with managing listings. Additionally, Airbnb has been actively repurchasing shares, having bought back 24.5 million shares for $3.4 billion during the year. As of December 31, 2024, the company had $3.3 billion remaining under its share repurchase program.
The filing also highlighted the impact of macroeconomic conditions, including inflation and geopolitical tensions, on the travel industry. Airbnb anticipates that these factors may lead to fluctuations in future operational results. The company remains committed to its long-term growth strategy, which includes expanding into new markets and enhancing its technology platform to improve user experience and safety.
Looking ahead, Airbnb's management expressed confidence in the company's ability to navigate challenges and capitalize on growth opportunities. The company plans to continue investing in its platform and expanding its global presence while maintaining a focus on profitability and operational efficiency.
About Airbnb, Inc.
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