Thursday, February 13, 2025Markets rallied this afternoon after decent gains earlier. We were supposed to see the start of major tariffs being levied on our global trading partners, but they have yet to be set. The market lives to fret over trade taxes another day.The Dow surged +362 points, +0.77%, while the S&P 500 gained +63 points, +1.04% — and the seventh close at or above 6100 in the past three weeks. The Nasdaq grew +295, +1.50%, and the small-cap Russell 2000 rose +24 points, +1.08%.Big Earnings Aft ...

Airbnb (ABNB) swung to a bigger-than-expected profit in the fourth quarter, sending shares soaring in extended trading Thursday. The company’s revenue grew 12% year-over-year to $2.5 billion, above the analyst consensus tracked by Visible Alpha. Its net income of $461 million, or 73 cents per share, compared to a loss of $349 million, or 55 cents per share, a year earlier, beating expectations.  The gains came as bookings rose 12% to 111 million, with growth across regions. Airbnb's gross booking value was ...

Airbnb, Inc. (ABNB) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 25.86%. A quarter ago, it was expected that this company would post earnings of $2.17 per share when it actually produced earnings of $2.13, delivering a surprise of -1.84%.Over the last four quarters, the company has ...

Here's our initial take on Airbnb's (ABNB 0.37%) fourth-quarter financial report.Key MetricsMetricQ4 2023Q4 2024Changevs. ExpectationsRevenue$2.2 billion$2.48 billion+13%BeatEarnings per share-$0.55$0.73n/aBeatFree cash flow$46 million$458 million+896%n/aNights and experiences booked98.8 million111.0 million+12%n/aAirbnb Sees Resilient GrowthAirbnb benefited from resilient travel demand in the fourth quarter, fueled by "acceleration in growth" in nights and experiences booked, particularly in Asia and Latin ...

Core Insights - Airbnb shares surged 15% in extended trading after reporting fourth-quarter earnings and revenue that exceeded analysts' expectations [1] - The company reported a revenue increase of 12% year-over-year, reaching $2.48 billion, and a net income of $461 million, compared to a loss of $349 million in the same period last year [1][7] - For the first quarter of 2024, Airbnb anticipates revenue between $2.23 billion and $2.27 billion, slightly below analysts' expectations of $2.3 billion [2] Financial Performance - Adjusted profit for the fourth quarter was $765 million, a 4% increase year-over-year, surpassing analysts' expectations of $653.5 million [2] - The company reported 111 million nights and experiences booked, a 12% increase from the previous year, exceeding the expected 108.7 million [4] - Gross booking value for the fourth quarter totaled $17.6 billion, above the $17.2 billion expected by analysts [4] Strategic Developments - The company has rebuilt its technology stack and introduced new product updates, which are contributing to higher conversion rates [3] - Airbnb is executing a multi-year strategy aimed at enhancing core services, accelerating global market growth, and launching new offerings [4] - The company plans to unveil new offerings in May, although specific details were not disclosed [3] Social Impact - Airbnb.org has provided housing for over 19,000 individuals and 2,300 pets affected by recent wildfires in Los Angeles, pledging 100,000 free nights and receiving $27 million in donations [5] Market Position - Airbnb has over 5 million hosts and 8 million active listings globally, with average daily rates increasing by 1% year-over-year to $158 in the fourth quarter [6] - Prior to the earnings report, Airbnb shares had risen about 7% for the year, outperforming the Nasdaq, which gained over 3% [6]

Financial Performance - Gross Booking Value (GBV) and Adjusted EBITDA are influenced by seasonal trends, with the highest GBV typically occurring in the first and second quarters, while revenue peaks in the third quarter due to increased check-ins [54]. - For the year ended December 31, 2024, 58% of the company's revenue was generated from listings outside of the United States, indicating a strong international presence [69]. - The company tracks operational metrics such as Nights and Experiences Booked, GBV, and Average Daily Rate (ADR), which may differ from third-party estimates due to varying methodologies [81]. - Approximately 54% of the company's revenue in 2024 was generated in non-U.S. dollar currencies, exposing it to foreign exchange risk [122]. - The company experienced seasonality in its Nights and Experiences Booked and GBV, with revenue expected to be highest in the third quarter due to peak travel season [118]. Competition and Market Position - The company faces significant competition for both hosts and guests, impacting its ability to attract and retain users on its platform [55][57]. - The company faces significant competition from various platforms, including OTAs and search engines, which may affect its market position and growth [113]. Legal and Regulatory Risks - The company has faced civil litigation and regulatory inquiries related to safety and discrimination, which could adversely affect its reputation and business operations [77][78]. - The company is under examination by the IRS for tax years 2013, 2016, 2017, and 2018, with a proposed adjustment that could result in an additional tax liability of $1.3 billion [129]. - The company is exposed to evolving global tax regimes, which could materially affect its financial condition and results of operations [124]. - The company faces ongoing disputes with government agencies over regulations, which may result in fines and operational changes [143]. - Compliance with diverse and evolving laws across jurisdictions has significantly increased operational costs and potential liabilities [137]. Financial Management and Capital Structure - The company issued $2.0 billion aggregate principal amount of 0% convertible senior notes due 2026 and entered into a $1.0 billion unsecured revolving credit facility [95]. - The company may raise additional capital in the future, which could lead to dilution for existing stockholders and adversely affect the market price of its common stock [232]. - Increased volatility in financial markets has made access to capital less certain and raised the cost of obtaining new capital [233]. - The company assesses liquidity based on its ability to generate cash to meet short- and long-term cash requirements, including share repurchases and new product introductions [333]. Operational Challenges - The company continues to invest in new offerings and initiatives aimed at improving host and guest experiences, although these efforts come with increased expenses and risks [67]. - The company relies heavily on brand marketing to drive traffic to its platform, but rising costs and competition may hinder its marketing efficiency [71][72]. - The company relies on third-party payment service providers for processing payments, and any disruption could materially affect its operations [89]. - The company has experienced increased insurance costs as its business has grown, impacting its financial condition [86]. - The company’s community support relies significantly on third-party service providers, which necessitates stringent quality control to maintain service levels [68]. Taxation and Compliance - The company accrued approximately $95 million in corporate alternative minimum tax and approximately $20 million in excise tax on stock repurchases for the year ended December 31, 2024 [124]. - In December 2023, the company settled a tax audit with the Italian Revenue Agency for an aggregate payment of €576 million ($621 million) covering the 2017-2021 audit periods [125]. - The company recorded approximately $53 million in expenses related to digital service taxes due to refined interpretations of applicable laws [132]. - The company is subject to penalties for data privacy breaches, with fines potentially reaching €20 million or £17.5 million, or up to 4% of annual global revenue, whichever is greater [199]. Intellectual Property and Technology - The company has a substantial patent portfolio, which includes both issued patents and pending applications, essential for protecting its intellectual property [59]. - The company holds a broad collection of intellectual property rights, and failure to protect these rights could diminish brand value and competitive standing [202]. - The company incorporates third-party open-source software, which may expose it to legal risks and compliance challenges, potentially affecting its ability to protect its platform and services [220]. Cybersecurity and Data Privacy - Cybersecurity risks are evolving, with potential impacts on the confidentiality and integrity of the company's IT systems, which could lead to significant financial losses and reputational damage [222]. - The company processes personal data, including sensitive information such as Social Security numbers and financial data, which necessitates adherence to complex and evolving data protection regulations [186]. - The company has experienced IT system failures, which could lead to operational interruptions and negatively impact financial condition [201]. Shareholder and Stock Structure - The company's share price has been volatile, influenced by various factors including market conditions and operational performance, which could lead to significant fluctuations in stock value [227]. - The multi-series structure of the company's common stock may result in lower market prices and could make it less attractive to investors, potentially affecting the trading price of Class A common stock [228]. - The Class B common stock has 20 votes per share, while Class A common stock has one vote per share, allowing Class B holders to control significant voting power [236].

SAN FRANCISCO, Feb. 13, 2025 /PRNewswire/ -- Airbnb, Inc. (NASDAQ: ABNB) has posted a shareholder letter containing its fourth quarter and full year 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 visitin ...

FY 2024 Exhibit 99.1 Q4 2024 Shareholder Letter airbnb Key Financial Measures Q4 2024 Revenue Q4 revenue of $2.5 billion increased 12% compared to Q4 2023 primarily driven by the growth of nights stayed on the platform. Net Income We generated $461 million of net income during Q4 2024 and delivered a 19% net income margin. Adjusted EBITDA* Our Q4 Adjusted EBITDA of $765 million represented a 31% Adjusted EBITDA Margin. $2.5B 12% Y/Y 12% Y/Y (ex-FX) $11.1B 12% Y/Y 12% Y/Y (ex-FX) $2.6B 24% Net income margin ...

Airbnb Inc ABNB will be reporting its fourth-quarter earnings on Thursday. Wall Street expects 58 cents in EPS and $2.42 billion in revenues as the company reports after market hours.The stock is down 7.21% over the past year, 6.44% YTD.Let’s look at what the charts indicate for Airbnb stock and how it maps against Wall Street estimates.Read Also: Why Intel, Airbnb, Joby Aviation Are Among JPMorgan’s Short IdeasABNB Stock Chart Strongly Bullish Ahead Of Q4 Earnings Chart created using Benzinga ProABNB stock ...

Airbnb (ABNB) is scheduled to release fourth-quarter 2024 results on Feb. 13.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.ABNB expects fourth-quarter 2024 revenues between $2.39 billion and $2.44 billion, implying year-over-year growth of 2% on a reported basis.The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $2.42 billion, indicating year-over-year growth of 9.19%.The consensus mark for earnings is pegged at 63 cents per share, up 6.8% over the past 30 days. T ...