Airbnb (ABNB) – Q4 FY12/2024 earnings review
- Airbnb ($ABNB) wrapped up FY12/2024 with Q4 revenue, nights booked, and Gross Booking Value all accelerating sequentially.
- Q4 revenue growth stood at 12% year-over-year (YoY), and EBIDTA and cash flow margins both increased.
- Strong balance sheet with $8.6 billion cash.
- Read on for detailed financials, technical analysis and our rating.
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The Beginning of a New Airbnb ! ?? !
by Abhishek Singh (Abhisingh_86)
Airbnb ($ABNB) wrapped up FY12/2024 with Q4 revenue, nights booked, and Gross Booking Value (GBV) all accelerating sequentially. Revenue in Q4 grew 12% year-over-year (YoY), with both EBITDA and free cash flow margins expanding. The balance sheet remains strong, with $8.6 billion in cash.
Non-GAAP metrics relevant to the online travel platform business—Nights and Experiences Booked and GBV—continued their upward trend.
The company has spent the last few years focused on perfecting its core service, which includes making hosting mainstream, improving affordability and reliability for hosts, and rolling out hundreds of product upgrades. In parallel, Airbnb has been pushing international expansion beyond its five core markets. Management had long signalled the eventual launch of new products and services, and in the latest earnings call they finally announced: “The next chapter” begins May 2025. A $200–250 million investment has been earmarked for launching and scaling these new offerings—an effort that will weigh on margins in the short term but is pivotal for the company’s long-term trajectory.