Airbnb: Q3 adjusted EBITDA up 7%
(CercleFinance.com) - Airbnb reported net profit of $1.
4bn for Q3 2024 on Thursday evening, as well as adjusted EBITDA up 7% to $2bn, i.e. a margin of 52%, with free cash flow of $1.1bn, a margin of 29%.
The short-term accommodation rental specialist's revenues rose 10% to $3.7bn, growth mainly driven by overnight stays and a modest increase in the average daily rate.
For Q4 2024, Airbnb expects adjusted EBITDA margin to decline y-o-y, due to higher spending on marketing and product development, on expected revenues of between $2.39bn and $2.44bn.
The platform is now targeting a FY adjusted EBITDA margin of around 35.5%, as well as a free cash flow margin "several points higher" than the latter.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
4bn for Q3 2024 on Thursday evening, as well as adjusted EBITDA up 7% to $2bn, i.e. a margin of 52%, with free cash flow of $1.1bn, a margin of 29%.
The short-term accommodation rental specialist's revenues rose 10% to $3.7bn, growth mainly driven by overnight stays and a modest increase in the average daily rate.
For Q4 2024, Airbnb expects adjusted EBITDA margin to decline y-o-y, due to higher spending on marketing and product development, on expected revenues of between $2.39bn and $2.44bn.
The platform is now targeting a FY adjusted EBITDA margin of around 35.5%, as well as a free cash flow margin "several points higher" than the latter.
Copyright (c) 2024 CercleFinance.com. All rights reserved.