In This Article:
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Revenue: $2.3 billion, up 6% year-over-year.
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Nights and Experiences Booked: 143 million, up 8% year-over-year.
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Adjusted EBITDA: $417 million, representing an 18% margin.
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Free Cash Flow: $1.8 billion in Q1; $4.4 billion over the past 12 months, with a 39% margin.
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Corporate Cash and Investments: $11.5 billion at the end of Q1.
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Stock Repurchase: $807 million of common stock repurchased during the quarter.
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Q2 Revenue Outlook: Expected between $2.99 billion to $3.05 billion, representing 9% to 11% year-over-year growth.
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Adjusted EBITDA Margin Outlook: Expected to be flat to slightly down compared to Q2 2024.
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Full Year Adjusted EBITDA Margin Outlook: At least 34.5%, including $200 million to $250 million investment in new businesses.
Release Date: May 01, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Airbnb Inc (NASDAQ:ABNB) reported a strong start to 2025 with guests spending nearly $25 billion in Q1.
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The company achieved 143 million Nights and Experiences Booked, marking an 8% year-over-year increase.
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Revenue for Q1 was $2.3 billion, up 6% year-over-year, with a potential 11% growth excluding FX and calendar factors.
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Airbnb Inc (NASDAQ:ABNB) generated $417 million of adjusted EBITDA, representing an 18% margin.
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The company continues to generate significant cash, delivering $1.8 billion of free cash flow in Q1, with a strong balance sheet holding $11.5 billion in corporate cash and investments.
Negative Points
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Growth in North America was the slowest among regions, with low single-digit increases.
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The US market showed relatively softer trends, attributed to broader economic uncertainty.
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Airbnb Inc (NASDAQ:ABNB) expects adjusted EBITDA margin to be flat to slightly down in Q2 compared to the previous year.
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Marketing expenses are projected to grow faster than revenue in Q2 due to investments in growth initiatives.
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There is a noted decline in the popularity of foreign travelers coming to the US, impacting certain travel corridors.
Q & A Highlights
Q: Are you seeing any differences in booking volumes due to travel corridor changes, particularly in Europe and Canada? And is there any market share impact in the US? A: We have observed a decline in the popularity of foreign travelers coming to the US, which is a small portion of our business. Instead, travelers are choosing different destinations like Canada, Mexico, Brazil, France, and Japan. In terms of market share in the US, we continue to hold strong and even gain market share, despite North America being the slowest-growing region.