Accommodation booking platform Airbnb Inc (NASDAQ: ABNB) has reported a profit for the fourth quarter of 2024, compared to a loss in the year-ago quarter.
- Fourth-quarter revenue increased 12% annually to $2.5 billion, primarily driven by growth in nights stayed on the platform
- The company generated $461 million of net income during the three months, compared to a net loss of $349 million in Q4 2023, and delivered a 19% net income margin
- On a per-share basis, earnings per share were $0.73 in the December quarter, compared to a loss of $0.55 last year
- Q4 adjusted EBITDA was $765 million, which represents a 31% adjusted EBITDA margin
- Airbnb generated $466 million of operating cash flow and $458 million of free cash flow in the fourth quarter
- Its trailing-twelve-months free cash flow was $4.5 billion, representing a trailing-twelve-months free cash flow margin of 40%
- In Q4, nights and experiences booked increased 12% year-over-year, accelerating across all regions