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Revenue: $3.7 billion, a 10% year-over-year increase.
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Net Income: $1.4 billion, with a net income margin of 37%.
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Free Cash Flow: $1.1 billion generated in Q3; trailing 12-month free cash flow of $4.1 billion.
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Share Repurchase: $1.1 billion worth of shares repurchased in the quarter.
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Nights and Experiences Booked: 123 million.
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Active Listings: Over 8 million.
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App Bookings: Nights booked on the app increased 18% year-over-year, accounting for 58% of nights booked.
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Guest Arrivals: Surpassed 2 billion guest arrivals.
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Host Cancellations: Reduced by almost 30% compared to a year ago.
Release Date: November 07, 2024
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
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Airbnb Inc (NASDAQ:ABNB) reported a strong third quarter with revenue growing 10% year over year to $3.7 billion.
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Net income reached $1.4 billion, representing a net income margin of 37%.
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The company generated $1.1 billion in free cash flow, contributing to a…