Airbnb (ABNB) Q4 Earnings 2024

Airbnb Shares ran 15% in extended trade Thursday after the company reported Earnings in the fourth quarter And revenue that beats the analysts’ estimates.

This is how the company did compared to what Wall Street expected, based on a study of analysts of LSEG:

• Earnings per Stock: 73 cents vs. 58 cents expected
• Revenue: $ 2.48 billion against expected $ 2.42 billion

Revenue increased 12% from $ 2.22 billion in the same period last year. Airbnb reported a net income of $ 461 million or 73 cents per year. Stock. A year ago, Airbnb reported a loss of $ 349 million or a loss of 55 cents per year. Stock.

In the first quarter, Airbnb expects to report revenue between $ 2.23 billion and $ 2.27 billion. Analysts expected $ 2.3 billion for the period according to LSEG. Airbnb said the first quarter of 2024 benefit from both Easter and an extra day in February.

Airbnb also said the adjusted profit for the fourth quarter was $ 765 million, an increase of 4% year over year. Analysts expected $ 653.5 million according to StreetCount.

In a letter to shareholders, the company said it has rebuilt its technology rack and rolled out of new product updates in recent years that operate higher conversion frequency. The company also teased new offers, as it launches in May, although it did not reveal further details.

“Airbnb is a fundamental stronger company today than it was several years ago,” the letter said. “We continue to build on this momentum in 2025, execute a perennial strategy to perfect the core service, speed up growth in global markets and launch and scale new offers.”

The company reported 111 million nights and experiences booked, a 12% increase a year ago and over the 108.7 million expected of StreetAccount. Gross booking value used by Airbnb to report host earnings, service fees, cleaning fees and taxes, amounted to $ 17.6 billion in the fourth quarter. That’s over the $ 17.2 billion expected by analysts examined by street acount.

Airbnb said that Airbnb.org, a nonprofit founded by the company, has housed more than 19,000 people and 2,300 pets after the devastating fires that broke out in Los Angeles last month. NonProfit has promised to offer 100,000 free nights and has received $ 27 million in donations, including $ 18 million from Airbnb and its founders.

The company said it has more than five million hosts and eight million active lists around the world. Average daily rates rose 1% from a year ago to $ 158 in the fourth quarter, the company said.

Airbnb shares rose approx. 7% for the year before Thursday’s report and topped Nasdaq, which has received more than 3%.

The company is holding its quarterly call with investors at. 16:30 et.