Airbnb: EBITDA up 9% in Q2

(CercleFinance.com) - Airbnb reported net profit of $555m for Q2 2024 on Tuesday evening, as well as adjusted EBITDA that rose 9% to $894m, i.
e. a margin of 33%, and free cash flow that increased 16% to $1bn.

The short-term accommodation rental group's revenues rose 11% to $2.75bn, with growth mainly driven by nights spent on the platform, while bookings were up 9%.

Airbnb expects Q3 adjusted EBITDA to be fairly flat y-o-y, implying a decline in the corresponding margin, for anticipated revenues of $3.67bn to $3.73bn, up 8% to 10%.


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