$ABNB (-0.66%) | Airbnb Q3 Earnings Highlights:

🔹 Revenue: $3.73B (Est. $3.7B) 🟢; UP +10% YoY

🔹 GAAP EPS: $2.13 (Est. $2.14) 🔴

🔹 Adjusted EBITDA: $1.96B; UP +7% YoY

Q4 Outlook :

🔹 Revenue: $2.39B-$2.44B; UP +8-10% YoY

🔹 Expected increase in Nights & Experiences growth vs Q3

🔹 ADR anticipated to increase modestly YoY

🔹 Full-year 2024 Adjusted EBITDA margin ~35.5%

🔹 Full-year Free Cash Flow margin projected to exceed Adjusted EBITDA margin

Business Metrics:

🔹 Gross Booking Value (GBV): $20.1B; UP +10% YoY

🔹 Nights & Experiences Booked: 122.8M; UP +8% YoY

🔹 Active Listings: Over 8M

🔹 Free Cash Flow: $1.1B; 29% margin

Regional Performance:

🔹 North America: Improved growth throughout Q3

🔹 EMEA: Slight acceleration vs Q2, supported by Paris Olympics

🔹 Latin America: Nights booked UP +15% YoY

🔹 Asia Pacific: Nights booked UP +19% YoY

Business Highlights:

🔸 Removed over 300,000 low-quality listings

🔸 Host cancellation rates down nearly 30% YoY

🔸 Launched Co-Host Network in 10 countries

🔸 Cross-border travel to Asia Pacific grew 23% YoY

🔸 Repurchased $1.1B in shares during Q3