Loading...
•
Jun 30, 2022
Airbnb Q2 2022 Earnings Report
Airbnb achieved growth and profitability at scale in Q2 2022.
Key Takeaways
Airbnb's Q2 2022 results demonstrated growth and profitability, exceeding 103 million Nights and Experiences Booked and generating $2.1 billion in revenue, a 58% year-over-year increase. Net income reached $379 million, the most profitable Q2 ever, and free cash flow was $795 million.
Q2 revenue of $2.1 billion grew 58% year over year.
Q2 net income of $379 million was the most profitable second quarter.
Q2 Adjusted EBITDA of $711 million was more than triple Q2 2021.
Q2 Free Cash Flow of $795 million was the highest Q2 ever.
Airbnb
Airbnb
Forward Guidance
Airbnb anticipates the highest quarterly revenue in company history in Q3 2022, with revenue between $2.78 billion and $2.88 billion, representing year-over-year growth of between 24% and 29%.
Positive Outlook
- Nights and Experienced Booked year-over-year growth to be stable with the year-over-year growth in Q2 2022.
- Slightly higher ADRs than in Q3 2021 resulting in a modest acceleration in GBV growth.
- Revenue as a share of GBV to increase in Q3 2022 relative to Q2 2022, consistent with historical seasonality.
- Q3 2022 Adjusted EBITDA to be the strongest quarterly Adjusted EBITDA yet, up meaningfully on a nominal basis from last year’s high.
- Delivering Adjusted EBITDA margin expansion for the full-year 2022 relative to 2021.
Challenges Ahead
- Revenue outlook includes a significant headwind from foreign exchange fluctuations relative to last year.
- Q3 2022 Adjusted EBITDA margin to be at or slightly below last year’s all-time high margin of 49% primarily due to the timing of expenses.
- Unspecified macroeconomic uncertainties.
- Continued war in Ukraine.
- Costly and complex challenges of operating in China.