At present, we issued our first quarter 2025 quarter monetary outcomes. You may learn the small print here. Airbnb Co-Founder and CEO Brian Chesky stated:
“Our robust Q1 outcomes present how resilient and adaptable our mannequin is—it doesn’t matter what’s taking place on the planet, folks proceed to decide on Airbnb. We’ve been centered on long-term progress and preparing for our subsequent chapter, once we’ll broaden past locations to remain. I’m excited to share what’s subsequent on Might 13.”
Overview of Q1 outcomes
We had a robust begin to 2025. In Q1, friends spent practically $25 billion on Airbnb. Our outcomes present that it doesn’t matter what’s taking place on the planet, folks proceed to decide on Airbnb. That’s as a result of our mannequin is inherently adaptable. We’ve confirmed this time and time once more, from our founding in the course of the Nice Recession to going public in the course of the pandemic. We have now tens of millions of houses in neighborhoods and cities everywhere in the world. Visitors can discover stays at each value level, from finances to luxurious. And for hosts, Airbnb stays an unbelievable technique to earn further revenue. Because the world modifications, we’ll proceed to adapt.
Our Q1 outcomes are additionally a mirrored image of our focus and self-discipline. As we’ve shared in latest quarters, we’re centered on driving long-term progress and getting ready for Airbnb’s subsequent chapter—the place we’ll supply greater than a spot to remain. We’ve been laying the groundwork for this transformation for years. We began by bettering our core service, rolling out a whole lot of upgrades which have made Airbnb simpler to make use of, extra dependable, and extra reasonably priced. We launched options like Visitor Favorites to assist folks simply discover the most effective locations to remain, and whole value show to present them extra transparency round pricing. However bettering our core service wasn’t sufficient. To broaden past houses, we wanted an app that would help solely new choices. So we spent the previous few years rebuilding the Airbnb app on a brand new expertise stack. With this new platform, we are able to innovate quicker and introduce a spread of latest companies within the years forward.
Q1 2025 monetary outcomes
Right here’s a snapshot of our Q1 2025 outcomes:
- Q1 income was $2.3 billion, up 6% year-over-year. Income elevated to $2.3 billion in Q1 2025 from $2.1 billion in Q1 2024, primarily pushed by strong progress in nights stayed, partially offset by a slight lower in Common Each day Fee (“ADR”). Once you exclude the affect of FX and calendar components (the timing of Easter and the inclusion of Leap Day in Q1 2024), income would have elevated 11%.
- Q1 web revenue was $154 million, representing a 7% web revenue margin. Internet revenue decreased to $154 million in Q1 2025 in comparison with $264 million in Q1 2024, primarily as a consequence of increased stock-based compensation expense largely pushed by elevated headcount, write-downs of sure investments in privately-held firms and decrease curiosity revenue.
- Q1 Adjusted EBITDA was $417 million, representing an 18% Adjusted EBITDA Margin. Adjusted EBITDA decreased to $417 million in Q1 2025 from $424 million in Q1 2024 primarily as a consequence of Q1 2024 income benefiting from the calendar components described above, in addition to investments in product growth in Q1 2025.1
- Q1 Free Money Circulate was $1.8 billion, representing a FCF Margin of 78%. In Q1 2025, web money offered by working actions was $1.8 billion in comparison with $1.9 billion in Q1 2024. This lower in year-over-year money circulation was primarily pushed by the decline in web revenue. Our TTM FCF was $4.4 billion, representing a TTM FCF Margin of 39%.2
- Q1 share repurchases of $807 million. As of March 31, 2025, we had $11.5 billion of money and money equivalents, short-term investments, and restricted money, in addition to $9.2 billion of funds held on behalf of friends. Our robust money circulation enabled us to repurchase $807 million of our Class A standard inventory in Q1 2025. Share repurchases for the trailing twelve months totaling $3.5 billion helped us cut back our absolutely diluted share depend from 677 million on the finish of Q1 2024 to 660 million on the finish of Q1 2025. As of March 31, 2025, we had the authorization to buy as much as $2.5 billion of our Class A standard inventory below our present share repurchase plan.
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