NASDAQ$ABNB
Airbnb Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Airbnb's Q3 2022 results demonstrated strong growth and profitability despite macroeconomic headwinds
Airbnb reported a record Q3 2022 with nearly 100 million Nights and Experiences Booked, $15.6 billion in Gross Booking Value, and $2.9 billion in revenue. The company also achieved a net income of $1.2 billion and free cash flow of $960 million, showcasing its ability to drive growth and profitability at scale.
- Nights and Experiences Booked grew by 25% year-over-year to 99.7 million.
- Gross Booking Value increased by 31% year-over-year to $15.6 billion (40% ex-FX).
- Revenue grew by 29% year-over-year to $2.9 billion (36% ex-FX), marking the highest quarter ever.
- Net income reached $1.2 billion, up 46% year-over-year, with a net income margin of 42%.
Headline financials
Revenue & EPS history
Airbnb · Revenue · Quarterly
$2.88B
Forward guidance
For Q4 2022, Airbnb expects revenue between $1.80 billion and $1.88 billion, representing year-over-year growth of 17% to 23%. They also anticipate Adjusted EBITDA to be up meaningfully on a nominal basis from Q4 2021, with quarterly Adjusted EBITDA margin in-line to modestly higher than last year's margin of 22%.
Tailwinds
- Promising trends in cross-border travel are being observed.
- There is a renewed interest in urban stays.
- Cancellation rates are stabilizing.
- A strong backlog of future bookings is present.
- Adjusted EBITDA is expected to increase meaningfully.
Headwinds
- Nights and Experiences Booked growth is expected to moderate slightly relative to Q3 2022.
- ADR will face some pressure from FX headwinds.
- ADR will face pressure from business mix.
- Revenue as a share of GBV is expected to decrease relative to Q3 2022, consistent with historical seasonality.
- Macroeconomic uncertainties persist.
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 Q3 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