Airbnb, the leading online marketplace for rental accommodations, has announced its Q4 2024 financial results, showcasing robust performance and continued growth in the travel sector. For the fourth quarter, Airbnb reported earnings per share (EPS) of $1.76, surpassing analysts’ expectations of $1.53, marking a 15% increase year-over-year. Revenue for Q4 reached $2.7 billion, a 25% rise compared to the same period last year. The company also highlighted a record 110 million guest arrivals on its platform during the quarter, contributing to a total for the full year of over 400 million guest arrivals in 2024.
Brian Chesky, co-founder and CEO of Airbnb, stated, “We are seeing sustained demand for travel, and our platform is uniquely positioned to meet this demand by providing a range of accommodation options that suit all travelers’ needs. Our growth reflects the resilience of the travel industry and the adaptability of our business model.”
For the full year 2024, Airbnb reported an annual revenue of $10.2 billion, which is an increase of 30% compared to 2023. Additionally, the company has announced a quarterly dividend of $0.17 per share for its shareholders.
The Q4 earnings release also detailed Airbnb’s strategic initiatives, including a focus on enhancing customer experiences through improved hosting services and new features aimed at attracting more travelers and hosts. The launch of the ‘Airbnb Experiences’ programme, which allows users to book local activities and tours, has also gained popularity and contributed to overall revenue growth.
Chesky added, “Our continued investment in technology and community engagement has enabled us to create more value for both hosts and guests, setting us apart in the competitive travel market.”
With the travel industry recovering, investors remain optimistic about Airbnb’s outlook. The stock experienced a significant bump, rising by 8% in after-hours trading following the announcement of the earnings results. Analysts predict that Airbnb could continue to benefit from the growing trend of remote work, which leads to longer booking durations and an increase in travel flexibility for guests.
