Airbnb First Quarter 2024 Earnings: Revenues Beat Expectations

Airbnb (NASDAQ:ABNB) First Quarter 2024 Results

Key Financial Results

• Revenue: US$2.14b (up 18% from 1Q 2023).
• Net income: US$264.0m (up 126% from 1Q 2023).
• Profit margin: 12% (up from 6.4% in 1Q 2023). The increase in margin was driven by higher revenue.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Airbnb Revenues Beat Expectations

Revenue exceeded analyst estimates by 3.9%.

Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's shares are down 7.1% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. See our latest analysis on Airbnb's balance sheet health.

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