NASDAQ$ABNB
Airbnb Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Airbnb's Q3 2024 performance was marked by revenue growth and strong profitability.
Airbnb's Q3 2024 revenue increased by 10% year-over-year to $3.7 billion. Net income was $1.4 billion, representing a 37% net income margin. The company generated $1.1 billion in free cash flow during the quarter.
- Revenue grew 10% year-over-year to $3.7 billion.
- Net income was $1.4 billion, representing a 37% net income margin.
- Adjusted EBITDA was $2.0 billion, up 7% year-over-year.
- Free cash flow was $1.1 billion, representing a 29% FCF margin.
Headline financials
Revenue & EPS history
Airbnb · Revenue · Quarterly
$3.73B
Forward guidance
Airbnb expects Q4 2024 revenue to be between $2.39 billion and $2.44 billion, representing year-over-year growth of 8% to 10%. They anticipate the full-year 2024 Adjusted EBITDA Margin to be approximately 35.5% and expect to deliver a full-year 2024 Free Cash Flow Margin several points above Adjusted EBITDA Margin.
Tailwinds
- Strong demand trends in Q4 2024 across core and expansion markets for both long and short lead times.
- Year-over-year growth of Nights and Experienced Booked in Q4 2024 to be higher than Q3 2024.
- ADR is expected to increase modestly on a year-over-year basis, driven by continued demand for larger and higher priced listings, as well as a small benefit from foreign exchange.
- Revenue of $2.39 billion to $2.44 billion is expected, representing year-over-year growth of 8% to 10%, inclusive of a modest foreign exchange tailwind.
- Full-year 2024 Free Cash Flow Margin is expected to be several points above Adjusted EBITDA Margin.
Headwinds
- Implied take rate in Q4 2024 will be slightly lower on a year-over-year basis, primarily due to one-time benefits recognized from unused gift cards in Q4 2023.
- Excluding these one-time benefits related to gift cards in Q4 2023, revenue growth in Q4 2024 would be approximately two percentage points higher.
- Q4 2024 Adjusted EBITDA Margin is expected to decline relative to the same time period last year due to higher marketing and product development expenses.
- In Q1 2025, the year-over-year growth rate of revenue will be negatively impacted by the comparison to Q1 2024, which benefited from both the timing of Easter and inclusion of Leap Day.
- Unspecified 2025 growth and investment plans.
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 2024
+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