The earnings call reflects a positive sentiment with significant growth in revenue, net income, and free cash flow. New initiatives like the Cohost Network and strategic investments in quality and global markets are promising. However, challenges like margin compression in Q4 and regulatory issues in New York City pose concerns.

Company Guidance

During Airbnb's Q3 2024 earnings call, the company shared robust financial metrics and strategic guidance. Airbnb reported a 10% year-over-year revenue growth, reaching $3.7 billion, with a net income of $1.4 billion, resulting in a 37% net income margin. Free cash flow was $1.1 billion, contributing to a total trailing 12-month free cash flow of $4.1 billion. The company highlighted its strategic initiatives, including expanding its Cohost network, which saw interest from over 20,000 potential new Cohosts in three weeks, and the removal of over 300,000 low-quality listings to enhance guest satisfaction. Airbnb's global market strategy led to the growth rate of nights booked in expansion markets more than doubling compared to core markets. The company also emphasized improvements in its app, which drove an 18% year-over-year increase in nights booked via the app, now accounting for 58% of total bookings. As Airbnb looks to Q4, it anticipates accelerated growth in nights booked, supported by continued investments in global market expansions and core optimizations.

Record Net Income and Margin

Airbnb achieved a net income of $1.4 billion in Q3 2024, representing a net income margin of 37%.

Strong Revenue Growth

Revenue grew by 10% year-over-year to $3.7 billion in Q3 2024.

Significant Free Cash Flow

Generated $1.1 billion in free cash flow during Q3 and $4.1 billion over the trailing 12 months.

Cohost Network Launch Success

Launched with 10,000 cohosts across 10 countries, receiving interest from over 20,000 potential new cohosts in just three weeks.

Improved Customer Metrics

Customer service contact rates decreased, guest NPS improved, and host cancellations reduced by almost 30% compared to last year.

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Airbnb, Inc. (GB:0A8C) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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GB:0A8C Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 25, 2021	2020 (Q4)	- / -11.24	-0.594	-1792.26% (-10.65)	―	―
May 13, 2021	2021 (Q1)	-1.07 / -1.95	-0.575	-239.13% (-1.38)	―	―
Aug 12, 2021	2021 (Q2)	-0.35 / -0.11	-1.513	92.73% (+1.40)	―	―
Nov 04, 2021	2021 (Q3)	0.72 / 1.22	0	―	―	―
Feb 15, 2022	2021 (Q4)	0.04 / 0.08	-11.24	100.71% (+11.32)	―	―
May 03, 2022	2022 (Q1)	-0.25 / -0.03	-1.95	98.46% (+1.92)	―	―
Aug 02, 2022	2022 (Q2)	0.45 / 0.56	-0.11	609.09% (+0.67)	―	―
Nov 01, 2022	2022 (Q3)	1.49 / 1.79	1.22	46.72% (+0.57)	―
Feb 14, 2023	2022 (Q4)	0.26 / 0.48	0.08	500.00% (+0.40)	―
May 09, 2023	2023 (Q1)	0.18 / 0.18	-0.03	700.00% (+0.21)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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GB:0A8C Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$145.27	$135.12	-6.99%
Aug 06, 2024	$130.78	$111.26	-14.93%
May 08, 2024	$157.61	$147.55	-6.38%
Feb 13, 2024	$151.04	$147.90	-2.08%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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