Airbnb Q3 2021 Earnings Report
Key Takeaways
Airbnb's Q3 2021 revenue reached a record high of $2.2 billion, surpassing both Q3 2020 and Q3 2019 levels. Net income also hit a record of $834 million, significantly higher than the previous year. Adjusted EBITDA exceeded $1 billion for the first time, demonstrating the company's improved cost structure and strong revenue recovery.
Q3 revenue of $2.2 billion was the highest ever, up 36% compared to Q3 2019.
Net income of $834 million was the most profitable quarter ever, nearly 4x larger than a year ago.
Adjusted EBITDA exceeded $1 billion for the first time ever, doubling from Q3 2020.
Nights and Experiences Booked increased 29% year-over-year to 79.7 million.
Airbnb
Airbnb
Forward Guidance
Airbnb anticipates continued strong performance in Q4 2021, with accelerating GBV growth, continued revenue strength, and further Adjusted EBITDA margin expansion compared to Q3 2021.
Positive Outlook
- Positive effect of travel restrictions being lifted.
- Global vaccination progress on our growth in Nights and Experiences Booked for stays in Q4 and into 2022.
- ADR will be relatively stable in Q4 2021 relative to Q3 2021.
- GBV to be substantially above both Q4 2020 and Q4 2019 levels.
- Q4 2021 GBV year-over-two-year growth to accelerate from Q3 2021.