🔹 Revenue: $2.5B (Est. $2.42B) 🟢; UP +12% YoY
🔹 Adj EBITDA: $765M (Est. $654.43M) 🟢; UP +4% YoY
🔹 Net Income: $461M (Est. $371.65M) 🟢
🔹 Gross Booking Value (GBV): $17.6B (Est. $17.18B) 🟢; UP +13% YoY
Q1 Guidance :
🔹 Revenue: $2.23B - $2.27B (Est. $2.295B) 🟡; UP +4% to +6% YoY
🔹 Average Daily Rate (ADR): Expected slight YoY decline due to FX, with slight ex-FX growth.
🔹 Adjusted EBITDA Margin: Expected to decline YoY due to calendar effects and FX.
Segment and Geographic Performance:
North America:
🔹 Mid-single digits growth in Nights and Experiences Booked; ADR UP +3%.
EMEA:
🔹 Low-double digits growth in Nights and Experiences Booked; ADR UP +6% (FX-neutral).
Latin America:
🔹 Low-20s growth in Nights and Experiences Booked; ADR DOWN -5% (FX impact), UP +4% FX-neutral.
Asia Pacific:
🔹 Low-20s growth in Nights and Experiences Booked; ADR UP +1% (+2% FX-neutral).
🔹 China outbound bookings grew +25% YoY.
Key Operating Metrics:
🔹 Average Daily Rate (ADR): $158 (+1% YoY; +2% FX-neutral).
🔹 Nights and Experiences Booked: 111.0M (Est. 108.26M) 🟢; UP +12% YoY.
🔹 Active Listings: Over 8 million worldwide, with growth in high-demand regions (Latin America and Asia Pacific).
Shareholder Updates:
🔹 Q4 Share Repurchases: $838M (Total FY24: $3.4B).
🔹 Fully Diluted Share Count: Reduced to 658M (from 676M in 2023).
Strategic Updates:
🔸 Completed tech stack rebuild, enhancing app performance and user experience.
🔸 Expanded Co-Host Network in 10 countries, supporting nearly 100,000 listings.
🔸 Improved payment methods, search functionality, and listing quality.
Management Commentary:
🔸 CEO Brian Chesky: "2024 was a record year for Airbnb as we delivered exceptional results. Our investments in product and technology continue to strengthen our platform and drive sustainable growth globally."