๐น Revenue: $2.27B (Est. $2.26B) ๐ข; +6% YoY
๐น EPS (Diluted): $0.24 (Est. $0.23) ๐ข
๐น Adj EBITDA: $417M (Est. $363.9M) ๐ข
๐น GBV: $24.5B (Est. $24.46B) ๐ข; +7% YoY
Q2'25 Guidance
๐น Revenue: $2.99Bโ$3.05B (Est. $3.03B) ๐ก
๐น Adj EBITDA: Expected to grow YoY, margin flat to slightly down
๐น FY25 Adj. EBITDA Margin: Reaffirmed at at least 34.5%
Geographic Performance (Nights & ADR YoY):
๐น North America: Low-single digit growth in bookings; ADR +2% YoY
๐น EMEA: Mid-single digit bookings growth; ADR +2% (or +4% ex-FX)
๐น Latin America: Low-20s bookings growth; ADR -7% (but +2% ex-FX)
๐น Asia Pacific: Mid-teens bookings growth; ADR -1% (but +3% ex-FX)
Key Trends & Metrics:
๐น Mobile App Bookings: 58% of total bookings; +17% YoY
๐น Nights at Superhost listings: +15% YoY
๐น Guest Favorite Listings: Over 350M nights booked since launch
๐น Implied Take Rate: 9.3% (Flat YoY)
๐น TTM Operating Cash Flow: $4.38B
๐น ADR impacted by FX in Latin America and Asia Pacific
Other Metrics:
๐น Net Income: $154M; DOWN -42% YoY
๐น Net Income Margin: 7%
๐น Nights & Experiences Booked: 143.1M; UP +8% YoY
๐น Average Daily Rate (ADR): $171; DOWN -1% YoY
๐น Free Cash Flow: $1.8B; DOWN -7% YoY
๐น TTM Free Cash Flow: $4.36B; TTM FCF Margin 39%
๐น Share Repurchase: $807M during Q1; Fully diluted share count reduced to 660M (from 677M YoY)
CEO Commentary and Strategic Highlights:
๐ธ "No matter whatโs happening in the world, people continue to choose Airbnb. Our adaptable model is proving its strength again."
๐ธ "On May 13, Airbnb will go beyond places to stayโwe're launching entirely new business lines with our rebuilt tech stack."
๐ธ "Continued strong performance in Latin America and Asia Pacific; Brazil and Japan are seeing accelerating growth in bookings and first-time users."
๐ธ "Despite global macro uncertainty, we are maintaining profitability while preparing for our next chapter of multi-service offerings."