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Airbnb Stocks rose 15% in Thursday’s extension trading after the company reported fourth quarter revenue and revenue that beat analyst estimates.
Here’s how the company did it compared to what Wall Street was expecting, based on an analyst survey by LSEG:
Earnings per share: 73 cents vs 58 cents expected revaluation: $2.48 billion vs 2.422 billion
Revenues rose 12% from $2.22 billion in the same period last year. Airbnb reported net profit of $461 million, or 73 cents per share. A year ago, Airbnb reported a loss of $349 million, or a loss of 55 cents per share.
In the first quarter, Airbnb is expected to report revenues of between $2.23 billion and $2.27 billion. According to LSEG, analysts were expecting $2.3 billion for that period. Airbnb said the first quarter of 2024 benefited from both Easter and the extra days in February.
Airbnb also said its adjusted profit for the fourth quarter was $765 million, up 4% year-on-year. According to StreetAccount, analysts were expecting $653.5 million.
In a letter to shareholders, the company said it has restructured its technology stack and rolled out new product updates in recent years that have driven higher conversion rates. The company also did not disclose any additional details, but teased the new product that will be launched in May.
“Airbnb is a fundamentally stronger company today than it was a few years ago,” the letter said. “We continue to build on this momentum in 2025, implementing a multi-year strategy to complete our core services, accelerate global market growth, launch and expand new services. .”
The company reported 111 million nights and booked experience, up 12% from a year ago, bringing StreetAccount to the expected 108.7 million. The total booking value that Airbnb uses to report host revenue, service charges, cleaning fees and taxes totaled $17.6 billion in the fourth quarter. That’s more than the expected $17.2 billion analysts voted by StreetAccount.
Airbnb.org, a nonprofit founded by the company, said it houses more than 19,000 people and 2,300 pets following the devastating wildfire that broke out in Los Angeles last month. Ta. The nonprofit has pledged to offer 100,000 free nights and received $27 million in donations from Airbnb and its founders, including $18 million.
The company said it has over 5 million hosts and an active list of 8 million worldwide. The company said average daily fees rose 1% in the fourth quarter from a year ago to $158.
Airbnb shares have surpassed Nasdaq, which rose roughly 7% in the year prior to Thursday’s report, earning more than 3%.
The company will hold quarterly calls with investors at 4:30pm ET.
