secwatch.observer — SEC 8-K summary
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Issuer:     Airbnb, Inc. (ABNB)
CIK:        0001559720
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-139392
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1559720/000119312523139392/0001193125-23-139392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1559720/000119312523139392/d453262d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-139392

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer