Today, Airbnb shares rose 13.3% in premarket trading after the company beat estimates for its Q4 and full-year 2024 results.
In Q4, Airbnb recorded a revenue of $2.5 billion, 12% higher than 2023. The company also reported a 12% increase in its full-year earnings of $11.1 billion.
In 2025, Airbnb plans to invest at least $200 million in a new travel business, expecting to launch first in May, followed by one or two businesses each year for the next five years.
Airbnb’s CEO, Brian Chesky, told investors, “I think that each business could take three to five years to scale. A great business could get to a billion dollars of revenue.”
In its latest earnings release, the company stated “Today, our service is better than ever, and our platform is ready to support the new offerings we’ll launch as part of our May 2025 Summer Release. While these efforts are setting us up for long-term growth, they’re already driving a positive impact on the business, which is evident from our Q4 results.”
“We’re continuing to build on this momentum in 2025, executing a multi-year strategy to perfect the core service, accelerate growth in global markets, and launch and scale new offerings,” Airbnb concluded.
By CEO NA Editorial Staff
