Airbnb Reports Q1 2022: Revenue $1.5B, First Positive Q1 Adjusted EBITDA of $229M

Airbnb, Inc.

Nights and Experiences Booked rose to 102.1M, up 59% Y/Y and surpassing pre-pandemic Q1 2019 levels.
Gross Booking Value reached $17.2B, up 67% Y/Y (71% ex-FX) and 73% vs Q1 2019.
Revenue grew 70% Y/Y to $1.5B (80% vs Q1 2019), driven by higher ADR and booking volume.
Net loss narrowed to $(19)M from $(1.2)B in Q1 2021, aided by strong revenue and cost discipline.
Record Q1 Adjusted EBITDA of $229M, compared to $(59)M in Q1 2021 and $(248)M in Q1 2019.

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