Airbnb Surprises with 17% Revenue Surge in Q4

Airbnb Reports Surprising Q4 Results with 17% Revenue Increase

Airbnb, the accommodation sharing platform, has announced unexpected Q4 results, with a 17% increase in revenue. The company’s revenue for the fourth quarter of last year amounted to $2.22 billion, surpassing the average analyst estimate of $2.17 billion, according to the Wall Street Journal.

46% Surge in EBITDA

Airbnb’s EBITDA for Q4 also experienced a remarkable growth, surging by 46% to $738 million. This figure exceeded the market expectation of $645 million.

Earnings per Share at 50 Cents

Airbnb’s earnings per share (EPS) reached 50 cents, indicating an increase compared to the same period the previous year. However, it fell short of the estimated 62 cents by financial analysts. The company reported a net loss of $349 million, compared to a net profit of $319 million in the same quarter a year ago. Airbnb explained that the loss included tax provisions and one-time tax withholding costs of approximately $1 billion.

12% Increase in Accommodation and Experience Bookings

In Q4 of last year, Airbnb witnessed a 12% increase in bookings for accommodations and experiences, reaching a total of 98.8 million. This figure exceeded the estimated 98 million by financial analysts. Additionally, the average daily rate for accommodations increased by 3% compared to the previous year, amounting to $157.

Airbnb’s Growth and Future Plans

Airbnb stated that 2023 was another remarkable year for the company, with its host community surpassing 5 million and the global active listings reaching a record high of 7.7 million. The company emphasized that it is at a turning point and will focus on further exploring untapped international markets, in addition to completing its core services over the past three years. Airbnb highlighted successful overseas markets, including Germany, Brazil, and South Korea.

Positive Outlook for Performance in 2022

Airbnb expects its Q1 revenue to reach $2.07 billion, surpassing the market expectation of $2.03 billion. Furthermore, the company announced plans to repurchase $6 billion worth of its own shares.

After-Hours Trading Sees Decline in Stock Price

Following the announcement of its financial results, Airbnb’s stock price surged by over 8% after regular trading hours. However, it experienced a decline in after-hours trading due to profit-taking. Airbnb’s stock has been on an upward trend over the past year.