We issued our fourth quarter and full-year 2024 monetary outcomes. You possibly can learn the small print here. Airbnb Co-Founder and CEO Brian Chesky mentioned:
“In 2024, we outpaced the journey trade’s progress, with income, nights booked, and GBV all accelerating in This fall. This progress displays the numerous enhancements we’ve made to Airbnb’s usability, affordability, and reliability—and we’re excited to construct on this momentum in 2025.”
Overview of This fall outcomes
Over the previous a number of years, we’ve been making ready for Airbnb’s subsequent chapter. We’ve rebuilt our platform from the bottom up on a brand new know-how stack, and improved the general person expertise, with over 535 options and upgrades based mostly on suggestions from our friends and hosts. As we speak, our service is healthier than ever, and our platform is able to assist the brand new choices we’ll launch as a part of our Might 2025 Summer season Launch. Whereas these efforts are setting us up for long-term progress, they’re already driving a constructive influence on the enterprise, which is obvious from our This fall outcomes.
Nights progress accelerated in This fall in comparison with Q3—ensuing within the highest-growth quarter of the 12 months. This momentum allowed us to finish 2024 with over 491 million Nights and Experiences Booked and almost $82 billion of GBV. Income surpassed $11 billion in 2024 pushed by robust demand and a modest enhance in ADR, in addition to our monetization efforts, together with the enlargement of our visitor journey insurance coverage and introduction of a further service price quantity for cross-currency bookings. Adjusted EBITDA of $4.0 billion in 2024 elevated 11% year-over-year and represented an Adjusted EBITDA Margin of 36%. We additionally generated $4.5 billion of FCF in 2024, highlighting the power of our cash-generating enterprise mannequin.
Airbnb is a basically stronger firm right this moment than it was a number of years in the past. Since our 2020 IPO, our income and GBV have tripled, and in 2024, we efficiently outpaced the journey trade’s progress. We’re persevering with to construct on this momentum in 2025, executing a multi-year technique to good the core service, speed up progress in world markets, and launch and scale new choices.
This fall and full-year 2024 monetary outcomes
Right here’s a snapshot of our This fall and full-year 2024 outcomes:
- This fall income was $2.5 billion, up 12% year-over-year. Income elevated to $2.5 billion in This fall 2024 from $2.2 billion in This fall 2023, primarily pushed by strong progress in nights stayed and a modest enhance in Common Each day Fee (“ADR”).
- This fall internet revenue was $461 million, representing a 19% internet revenue margin. Web revenue elevated to $461 million in This fall 2024 in comparison with a internet lack of $349 million in This fall 2023. In This fall 2023, internet loss included non-recurring tax withholding bills and lodging tax reserves of roughly $1 billion.
- This fall Adjusted EBITDA was $765 million, up 4% year-over-year. Adjusted EBITDA elevated to $765 million in This fall 2024 from $738 million in This fall 2023, which demonstrates the continued power of our enterprise and self-discipline in managing our value construction. Adjusted EBITDA Margin was 31% in This fall 2024 in comparison with 33% in This fall 2023. 1
- This fall Free Money Move was $458 million, representing a FCF Margin of 18%. In This fall 2024, internet money offered by working actions was $466 million in comparison with $63 million in This fall 2023. In This fall 2023, internet money offered by working actions included non-recurring tax objects related to host withholding and lodging taxes. Our full-year 2024 FCF was $4.5 billion, representing a FCF Margin of 40%. 2
- This fall share repurchases of $838 million. Our robust money circulate enabled us to repurchase $838 million of our Class A standard inventory in This fall 2024. Share repurchases throughout full-year 2024 totaled $3.4 billion and helped us to scale back our totally diluted share depend from 676 million on the finish of 2023 to 658 million on the finish of 2024. As of December 31, 2024, we had the power to buy as much as $3.3 billion of our Class A standard inventory underneath our present share repurchase authorization.
Outcomes from our 2024 Winter Launch
Internet hosting on Airbnb is without doubt one of the finest methods to earn a living from your property, however not everybody has the time to do it. That’s why we launched Co-Host Community3, a simple technique to discover the perfect native co-hosts to assist handle your Airbnb. Co-hosts present customized assist based mostly on hosts’ wants, from itemizing setup to managing bookings and speaking with friends. By serving to take the work out of internet hosting, we consider we’ll be capable to unlock a major quantity of high-quality provide. Within the 4 months since launching, Co-Host Community has grown to assist virtually 100,000 listings. These listings earn roughly twice as a lot as Airbnb listings in comparable international locations4. We launched Co-Host Community in 10 international locations, and are increasing it to Japan and Korea within the coming months.
Driving progress via product optimizations
Our ambition is to good our core service. As a part of this work, we’re repeatedly rolling out product optimizations to drive enterprise progress. Latest initiatives embody enhanced search performance, higher merchandising, versatile cost choices, and the launch of native cost strategies in almost two dozen international locations, together with Brazil, Korea, and Indonesia. Collectively, these optimizations have contributed to larger conversion charges, and we anticipate to see the total advantages in 2025. Within the 12 months forward, we’ll start delivering on an intensive roadmap of further enhancements.
A rebuilt tech platform for brand spanking new choices
Over the previous a number of years, we’ve rebuilt the Airbnb know-how stack, together with fully overhauling and modernizing the app expertise. We launched brand-new itemizing administration instruments, making it simpler for hosts to checklist and handle their houses, whereas giving them the power to supply extra providers sooner or later. We’ve additionally upgraded our messaging system right into a unified platform, making communication between friends and hosts extra seamless. We’re already seeing our investments in efficiency repay with improved usability, which we all know drives progress. With this new tech platform, we will innovate quicker and develop past short-term leases into an extensible platform with a variety of recent choices.
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