Airbnb's Q4 2024 Earnings: A Strong Finish to a Record Year

Airbnb, Inc. (NASDAQ: ABNB) wrapped up a record year with a strong fourth quarter, as the company's strategic investments in platform improvements and new offerings paid off. The company's co-founder and CEO, Brian Chesky, highlighted the significant improvements made to Airbnb's usability, affordability, and reliability, which drove growth in revenue, nights booked, and GBV (Gross Booked Value) in Q4 2024.



Key highlights from Airbnb's Q4 2024 earnings call include:

1. Revenue Growth: Airbnb's revenue surpassed $11 billion in 2024, driven by strong demand and a modest increase in ADR (Average Daily Rate), as well as monetization efforts such as the expansion of guest travel insurance and the introduction of an additional service fee amount for cross-currency bookings.
2. Nights and GBV Growth: Nights growth accelerated in Q4 compared to Q3, resulting in the highest-growth quarter of the year. This momentum allowed Airbnb to end 2024 with over 491 million Nights and Experiences Booked and nearly $82 billion of GBV.
3. Adjusted EBITDA and FCF: Adjusted EBITDA of $4.0 billion in 2024 increased 11% year-over-year and represented an Adjusted EBITDA Margin of 36%. Airbnb also generated $4.5 billion of FCF (Free Cash Flow) in 2024, highlighting the strength of its cash-generating business model.
4. Co-Host Network: Airbnb introduced the Co-Host Network in 2024, an easy way for hosts to find local co-hosts to help manage their Airbnb listings. In just four months, the Co-Host Network has grown to support almost 100,000 listings, with these listings earning approximately twice as much as Airbnb listings in comparable countries. The Co-Host Network has been launched in 10 countries and is expanding to Japan and Korea in the coming months.

Airbnb's strong performance in Q4 2024 reflects the company's ability to execute a multi-year strategy to perfect its core service, accelerate growth in global markets, and launch and scale new offerings. The company's focus on improving the user experience, expanding its global reach, and driving growth through product optimizations has contributed to its outperformance in the travel industry. As Airbnb continues to build on this momentum in 2025, investors can expect the company to maintain its strong financial performance and continue to grow its market share in the travel industry.