NASDAQ$ABNB
Airbnb Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Airbnb's Q1 2022 was marked by strong growth and profitability, driven by a surge in travel demand.
Airbnb's Q1 2022 revenue reached $1.5 billion, a 70% increase year-over-year, with a net loss of $19 million. Adjusted EBITDA was $229 million, marking the first profitable Q1. Nights and Experiences Booked surpassed 100 million for the first time, and free cash flow exceeded $1 billion.
- Q1 revenue of $1.5 billion grew 70% year over year and exceeded pre-pandemic Q1 2019 revenue by 80%.
- Q1 net loss of $19 million significantly improved from both Q1 2019 and Q1 2021.
- Q1 Adjusted EBITDA of $229 million was the first profitable Q1.
- Q1 free cash flow exceeded $1 billion.
Headline financials
Revenue & EPS history
Airbnb · Revenue · Quarterly
$1.51B
Forward guidance
Airbnb anticipates a strong summer travel season with Q2 2022 revenue between $2.03 billion and $2.13 billion and expects a low double-digit EBITDA margin percentage improvement year-over-year.
Tailwinds
- Continuing strong demand coming out of North America, EMEA and Latin America.
- Number of nights stayed for the Easter holiday in April eclipse 2019 levels in Europe and Latin America.
- Substantial demand for summer travel months in EMEA and North America.
- Higher than historical demand for Q4 indicates that consumer confidence to travel remains strong beyond the summer months.
- U.S. domestic demand this year has so far outpaced internal expectations and U.S. international bookings exceeding 2019 levels.
Headwinds
- Additional COVID outbreaks.
- Any impact to travel from the conflict in Ukraine.
- Consumer price sensitivity.
- Full year revenue and Adjusted EBITDA remain highly sensitive to movements in ADR.
- Continued fixed cost discipline may be offset by the impact of lower ADR.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
+0.5%
Avg return
Earnings day
-1.5%
Avg return
5 days after
-2.1%
Avg return
30 days after
50%
11 / 22 earnings
Positive
+17.7%
Q4 2022
Best reaction
-11.7%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.2% | -5.7% | -4.9% | |
| Q4 2025 | +4.6% | +7.2% | +8.9% | |
| Q3 2025 | -3.9% | +1.0% | +3.1% | |
| Q2 2025 | -8.0% | -6.8% | -5.1% | |
| Q1 2025 | +1.0% | -0.7% | +4.0% | |
| Q4 2024 | +14.4% | +12.0% | -12.9% | |
| Q3 2024 | -4.5% | -5.5% | -2.8% | |
| Q2 2024 | -9.8% | -8.2% | -7.3% | |
| Q1 2024 | -8.0% | -6.7% | -8.2% | |
| Q4 2023 | -3.6% | -0.8% | +8.2% | |
| Q3 2023 | -2.4% | -0.1% | +14.1% | |
| Q2 2023 | -3.0% | -3.5% | -8.2% | |
| Q1 2023 | -9.9% | -16.2% | -8.1% | |
| Q4 2022 | +17.7% | +13.0% | +3.1% | |
| Q3 2022 | -11.7% | -10.1% | -5.3% | |
| Q2 2022 | +3.4% | +5.3% | +2.0% | |
| Q1 2022 | +2.2% | -11.1% | -20.6% | |
| Q4 2021 | +10.0% | +3.1% | -7.1% | |
| Q3 2021 | +16.6% | +12.6% | -3.5% | |
| Q2 2021 | +3.1% | -2.9% | +11.5% | |
| Q1 2021 | +0.7% | -3.7% | +5.8% | |
| Q4 2020 | +3.1% | -5.1% | -12.9% | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro