Loading...
•
Dec 31, 2022
Airbnb Q4 2022 Earnings Report
Airbnb's Q4 2022 financials were released, showing significant growth and profitability.
Key Takeaways
Airbnb reported a strong Q4 2022 with revenue of $1.9 billion, a 24% increase year-over-year. Net income reached $319 million, marking the most profitable fourth quarter ever. Nights and Experiences Booked increased by 20% to 88.2 million, and Gross Booking Value grew by 20% to $13.5 billion. The company's focus on cost discipline and strategic initiatives drove significant margin expansion and free cash flow generation.
Q4 revenue reached $1.9 billion, up 24% year-over-year, driven by growth in Nights and Experiences Booked.
Net income for Q4 was $319 million, the most profitable Q4 ever, with a net income margin of 17%.
Nights and Experiences Booked increased by 20% year-over-year to 88.2 million, with strong growth across all regions.
Free Cash Flow for Q4 was $455 million, driven by revenue growth and net margin expansion.
Forward Guidance
Airbnb anticipates continued strong demand in Q1 2023, with revenue expected to be between $1.75 billion and $1.82 billion, representing year-over-year growth of 16% to 21%. The company expects Nights and Experiences Booked growth to be nearly as strong as in Q4 2022 but anticipates slightly lower ADR compared to Q1 2022. For the full year 2023, Airbnb aims to maintain a strong Adjusted EBITDA margin, offsetting headwinds from lower ADR with cost efficiencies and fixed cost discipline.
Positive Outlook
- Strong demand expected to continue in Q1 2023.
- European guests booking summer travel earlier.
- Market share gains in Latin America.
- Continued recovery within Asia Pacific.
- Revenue expected to grow between 16% and 21% year-over-year in Q1 2023.
Challenges Ahead
- Slightly lower ADR anticipated in Q1 2023 compared to Q1 2022.
- Increasing downward pressure on ADR expected for the remainder of 2023 due to mix shift and new pricing tools.
- Adjusted EBITDA margin expected to be slightly down year-over-year in Q1 2023 due to changes in brand marketing spend timing.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...