Airbnb: net profit more than doubles in Q1

(CercleFinance.com) - On Wednesday evening, Airbnb reported net profit of $264m for Q1 2024, up 126% y-o-y, with adjusted EBITDA of $424m, i.
e. a margin that improved six points to 20%.

The short-term accommodation rental platform's revenues grew 18% to $2.1bn, with solid growth in nights and experiences booked, a modest rise in the average daily rate and an Easter-related calendar effect.

We had the best Q1 in our history, with 133 million room nights and experiences booked, and double-digit growth in supply across all regions, says co-founder and CEO Brian Chesky.

Airbnb says it expects another record summer season, notably pointing to strong bookings for events such as the European Football Championship in Germany and the Paris Summer Olympic Games.


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