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Airbnb爱彼迎发布2025年第一季度财务业绩
Xin Lang Cai Jing· 2025-05-03 05:41
Core Insights - Airbnb reported a strong start to 2025, with total bookings nearing $25 billion in Q1, demonstrating the resilience and adaptability of its business model [1] - The company is preparing to expand beyond accommodations, with plans to unveil new initiatives at the upcoming summer product launch on May 13 [1] Financial Performance Overview - In Q1 2025, Airbnb's revenue reached $2.3 billion, a 6% increase from $2.1 billion in Q1 2024, primarily driven by robust growth in accommodation bookings, despite a slight decline in average daily rates (ADR) [3] - Net profit for Q1 2025 was $154 million, with a net profit margin of 7%, down from $264 million in the same period last year, attributed to increased employee stock compensation and impairment charges [3] - Adjusted EBITDA for Q1 2025 was $417 million, with an 18% profit margin, slightly down from $424 million in Q1 2024 due to calendar effects and increased R&D investments [3] - Free cash flow for Q1 2025 was $1.8 billion, with a 12-month free cash flow margin of 78%, reflecting a decrease from $1.9 billion in Q1 2024 [3] Operational Highlights - The mobile app strategy contributed significantly to growth, with bookings through the app increasing by 17% year-over-year, accounting for 58% of total bookings [2] - Emerging markets showed strong performance, with total night bookings in these regions growing at more than double the rate of Airbnb's core markets [2] - The number of active listings continued to grow healthily, with significant increases in Latin America and the Asia-Pacific regions [2] Shareholder Returns - In Q1 2025, the company repurchased $807 million of Class A common stock, contributing to a total repurchase of $3.5 billion over the past twelve months [4] - As of March 31, 2025, the company held $11.5 billion in cash and cash equivalents, along with $9.2 billion in customer deposits [4] - The company has authorization to repurchase up to an additional $2.5 billion of Class A common stock under its current buyback program [4]