Financial Performance - For the three months ended September 30, 2024, revenue grew by 10% to $3.7 billion compared to the same period in the prior year[115]. - Net income for the same period decreased by 69% to $1.4 billion, primarily due to an increase in income tax expense of $3.1 billion[116]. - Adjusted EBITDA increased by 7% to $2.0 billion for the three months ended September 30, 2024[117]. - Nights and Experiences Booked reached 122.8 million, an 8% increase from 113.2 million for the same period in the prior year[121]. - Gross Booking Value (GBV) was $20.1 billion, a 10% increase from $18.3 billion for the same period in the prior year[123]. - Revenue for the three months ended September 30, 2024, increased by $335 million, or 10%, to $3.732 billion compared to the same period in the prior year[139]. - Adjusted EBITDA for the nine months ended September 30, 2024, increased by $361 million to $3.3 billion, with a consistent margin of 38%[130]. - Revenue for the nine months ended September 30, 2024, increased by $923 million, or 12%, to $8.622 billion compared to the same period in the prior year[139]. Cash Flow and Liquidity - Free Cash Flow for the three months ended September 30, 2024, was $1.1 billion, compared to $1.3 billion in the same period in the prior year[117]. - Net cash provided by operating activities was $1.1 billion, a decrease from $1.3 billion in the same period in the prior year[126]. - Free Cash Flow for the three months ended September 30, 2024, decreased to $1.074 billion, representing 29% of revenue, down from 39% in the same period last year[132]. - Net cash provided by operating activities for the nine months ended September 30, 2024 was $4.1 billion, primarily due to net income of $2.2 billion[163]. - Net cash used in investing activities for the nine months ended September 30, 2024 was $396 million, primarily due to purchases of short-term investments[164]. - As of September 30, 2024, the company had cash and cash equivalents totaling $7.7 billion, including $2.2 billion held by foreign subsidiaries[158]. - The company anticipates that cash flows generated from operating activities will meet its short-term cash requirements, which include share repurchases and new product introductions[168]. Expenses and Costs - Cost of revenue increased by $6 million, or 1%, for the three months ended September 30, 2024, totaling $465 million[140]. - Operations and support expenses rose by $53 million, or 17%, for the three months ended September 30, 2024, totaling $369 million[142]. - Product development expense increased by $105 million, or 25%, for the three months ended September 30, 2024, primarily due to a $93 million increase in payroll-related expenses[145]. - Sales and marketing expense increased by $111 million, or 28%, for the three months ended September 30, 2024, primarily due to a $83 million increase in marketing activities[148]. - General and administrative expense increased by $31 million, or 10%, for the three months ended September 30, 2024, primarily due to higher non-income taxes and payroll-related expenses[151]. - Cost of revenue for the nine months ended September 30, 2024, increased by $132 million, or 10%, totaling $1.451 billion[141]. Share Repurchase and Capital Management - The company repurchased 8.7 million shares of Class A common stock for $1.1 billion, leaving $4.2 billion available for future repurchases[117]. - The company repurchased an aggregate of 18.3 million shares of Class A common stock for $2.6 billion during the nine months ended September 30, 2024[162]. Tax and Income - The provision for income taxes increased to $367 million for the three months ended September 30, 2024, compared to a tax benefit of $2.7 billion in the same period of the prior year[155]. - The company released $2.8 billion of its valuation allowance related to U.S. deferred tax assets during the three months ended September 30, 2023[131]. - Interest income increased by $15 million, or 8%, for the three months ended September 30, 2024, primarily due to higher cash and investment balances[152]. - Other income (expense), net increased by $12 million, or 133%, for the three months ended September 30, 2024, primarily due to foreign exchange gains[153]. - Net income for the three months ended September 30, 2024, was $1.368 billion, down from $4.374 billion in the same period last year[135]. Risks and Future Outlook - Future capital requirements will depend on factors such as growth, headcount, and customer retention on the platform[168]. - The company may seek to raise additional funds through equity or debt if needed, which may not be available on favorable terms[168]. - The liquidity of the company is subject to various risks, including those identified in the "Quantitative and Qualitative Disclosures about Market Risk" section[168]. - The financial condition and results of operations are based on unaudited condensed consolidated financial statements prepared in accordance with U.S. GAAP[169]. - The preparation of financial statements requires estimates and assumptions that may differ from actual results under different conditions[169]. - Recent accounting pronouncements and their implications are detailed in the company's quarterly report[170].

Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024.Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. The stock jumped about 8% in after-hours trading.Here's how the company did:Earnings per share: $2.13 vs. $2.14 expected by LSEGRevenue: $3.73 billion vs. $3.72 billion expected by LSEGRevenue increased 10% from $3.4 billion a ye ...

SAN FRANCISCO, Nov. 7, 2024 /PRNewswire/ -- Airbnb, Inc. (NASDAQ: ABNB) has posted a shareholder letter containing its third quarter 2024 financial results on its Investor Relations website at https://investors.airbnb.com.Airbnb will host an audio webcast to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET today. The link to the webcast will be made available on the Investor Relations website at https://investors.airbnb.com.Interested parties can register for the call in advance by visiting https://regist ...

Exhibit 99.1 3 2024 Shareholder Letter airbnb | --- | --- | |----------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------| | | | | Key Financial Measures | Q3 2024 | | Revenue | $3.7B | | Q3 revenue of $3.7 billion increased 10% compared to Q3 2023 primarily driven by the growth of nights stayed on the platform. | 10% Y/Y 10% Y/Y (ex-FX) | | Net Income | $1.4B | | We generat ...

Airbnb, Inc. ABNB will release earnings results for its third quarter, after the closing bell on Thursday, Nov. 7.Analysts expect the San Francisco, California-based bank to report quarterly earnings at $2.14 per share, down from $6.63 per share in the year-ago period. Airbnb projects to report revenue of $3.72 billion for the recent quarter, according to data from Benzinga Pro.Airbnb has completed 26 years of existence as a company, having launched on Aug. 11, 2008.Airbnb shares gained 2.2% to close at $14 ...

Airbnb (ABNB) is set to report its third-quarter 2024 results on Nov. 7. ABNB expects third-quarter 2024 revenues between $3.67 billion and $3.73 billion, implying year-over-year growth of 8-10% on a reported basis. The Zacks Consensus Estimate for third-quarter revenues is currently pegged at $3.72 billion, indicating growth of 9.58% year over year. The consensus mark for earnings is currently pegged at $2.17 per share, down by a penny over the past 30 days. The figure indicates a 9.21% decrease from the y ...

Airbnb, Inc. (ABNB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Novembe ...

Nisian Hughes We have documented substantial gaps in valuation between REIT property sectors. Some of the gaps are warranted by fundamental strength or weakness, while others represent mispricing. In our previous article, we discussed the REIT sectors trading at premiums, and in this post, we will discuss the discounted REIT sectors. As a reminder, here are the average (unweighted mean) AFFO multiples of each REIT sector. Hotel – 10.6X AFFO Diversified – 13.8X AFFO Office – 14.5X AFFO Healthcare – 14.9X AFF ...

The 200-day moving average is the king of the line-in-the-sand indicators for many old-school traders. Legendary trader Paul Tudor Jones was interviewed by self-help guru Tony Robbins and said, "My metric for everything I look at is the 200-day moving average of closing prices. I've seen too many things go to zero, stocks and commodities. The whole trick in investing is: 'How do I keep from losing everything?' If you use the 200-day moving average rule, then you get out. You play defense, and you get out." ...

These two stocks look like winners with plenty of growth still ahead of them.There are plenty of people out there stashing a lot of stuff in the back of the closet with the intention of using them again someday (everything from a bowling ball they used once to that jacket that could one day come back in style again). But what about investments?There is an investing suggestion that sometimes gets used which suggests that it's a good idea to buy certain stocks and "put them in the closet." This is basically t ...