NASDAQ$ABNB
Airbnb Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Airbnb achieved growth and profitability at scale in Q2 2022.
Airbnb's Q2 2022 results demonstrated growth and profitability, exceeding 103 million Nights and Experiences Booked and generating $2.1 billion in revenue, a 58% year-over-year increase. Net income reached $379 million, the most profitable Q2 ever, and free cash flow was $795 million.
- Q2 revenue of $2.1 billion grew 58% year over year.
- Q2 net income of $379 million was the most profitable second quarter.
- Q2 Adjusted EBITDA of $711 million was more than triple Q2 2021.
- Q2 Free Cash Flow of $795 million was the highest Q2 ever.
Headline financials
Revenue & EPS history
Airbnb · Revenue · Quarterly
$2.1B
Forward guidance
Airbnb anticipates the highest quarterly revenue in company history in Q3 2022, with revenue between $2.78 billion and $2.88 billion, representing year-over-year growth of between 24% and 29%.
Tailwinds
- Nights and Experienced Booked year-over-year growth to be stable with the year-over-year growth in Q2 2022.
- Slightly higher ADRs than in Q3 2021 resulting in a modest acceleration in GBV growth.
- Revenue as a share of GBV to increase in Q3 2022 relative to Q2 2022, consistent with historical seasonality.
- Q3 2022 Adjusted EBITDA to be the strongest quarterly Adjusted EBITDA yet, up meaningfully on a nominal basis from last year’s high.
- Delivering Adjusted EBITDA margin expansion for the full-year 2022 relative to 2021.
Headwinds
- Revenue outlook includes a significant headwind from foreign exchange fluctuations relative to last year.
- Q3 2022 Adjusted EBITDA margin to be at or slightly below last year’s all-time high margin of 49% primarily due to the timing of expenses.
- Unspecified macroeconomic uncertainties.
- Continued war in Ukraine.
- Costly and complex challenges of operating in China.
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 Q2 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 | — | — | — |
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