Airbnb, Inc.
Extracted from this filing and checked against the source text.
Airbnb, Inc. reported third quarter ended September 30, 2022 results: revenue $2.9B, net income $1.2B.
Q3 2022 Shareholder Letter Q3 2022 Nights and Experiences Booked 99.7M In Q3 2022, Nights and Experiences Booked grew 25% compared to the prior year, driven by strength in all regions. 25% Y/Y Gross Booking Value (GBV) $15.6B Strong growth in Nights and Experiences Booked combined with continued higher Average Daily Rates (“ADR”) drove nearly 31% Y/Y $16 billion of GBV in Q3 2022. 40% Y/Y (ex-FX) Revenue $2.9B Revenue of $2.9 billion increased 29% from Q3 2021—demonstrating continued strong travel demand. 29% Y/Y 36% Y/Y (ex-FX) Net Income $1.2B Most profitable quarter ever with $1.2 billion of net income—nearly a $400 million improvement from Q3 2021. 46% Y/Y 61% Y/Y (ex-FX) Adjusted EBITDA* $1.5B Our highest quarterly Adjusted EBITDA ever demonstrated the continued strength of the business and discipline in managing 32% Y/Y our cost structure. 44% Y/Y (ex-FX) Free Cash Flow (“FCF”)* $960M We generated $966 million of net cash provided by operating activities in Q3 and $3.3 billion ofView on SEC.gov
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