Airbnb Q1 2023: Revenue $1.8B (+20% YoY), first profitable Q1 with $117M net income

Airbnb, Inc.

Nights & Experiences Booked record >120M, up 19% YoY; active listings grew 18% YoY.
Revenue $1.8B (+20% YoY, +24% ex-FX); net income $117M vs loss $19M YoY; Adj. EBITDA $262M.
Free cash flow $1.6B (record); TTM FCF $3.8B (44% margin); share count reduced to 697M.
Board approved new $2.5B share buyback authorization; $2B repurchased since Aug 2022.
Cross-border nights booked +36% YoY; long-term stays 18% of gross nights.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Airbnb, Inc. reported first quarter ended March 31, 2023 results: revenue $1.8 billion, net income $117 million.

Period: first quarter ended March 31, 2023
Revenue: $1.8 billion
Net income: $117 million
Result: reported results

Exact text from the filing

--- EX-99.1 Exhibit 99.1 2 Q1 2023 Shareholder Letter We had a strong start to 2023. In Q1, Nights and Experiences Booked hit a record high with over 120 million. Revenue of $1.8 billion grew 20% year-over-year (24% ex-FX). Net income was $117 million—our first profitable Q1 on a GAAP basis. Adjusted EBITDA was $262 million while Free Cash Flow was $1.6 billion,

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Source: SEC EDGAR

accession 0001193125-23-139392

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