Airbnb reported Q2 results that exceeded analysts’ estimates and provided a better-than-expected outlook, citing strong demand “across all regions.”
Q2 Highlights:
- Earnings per share: $1.37 vs. $1.25 expected
- Revenue: $3.61 billion vs. $3.58 billion expected
Airbnb reported revenue increased 17% to $3.1 billion, up from $ 2.7 billion a year earlier. Net income grew to $816 million from $642 million, or $1.03 per share, compared to the previous year.
Airbnb forecast revenue for the current period between $4.69 billion and $4.77 billion, approximately 14% year-over-year revenue growth.
Free cash flow jumped 30% to $1.25 billion from $962 million a year earlier, Airbnb said.
In a letter to shareholders, Airbnb reported that bookings grew in the high single digits in the U.S. and Canada, as well as in the Europe, Middle East, and Africa region. In Asia-Pacific, growth reached the high teens, while Latin America experienced approximately 20% growth in bookings.
The company highlighted particular strength in World Cup host cities.
Moving forward, Airbnb said, “Beyond the World Cup, we’re building a repeatable playbook that scales across global, regional, and local events. Partners include the International Olympic Committee, Tour de France, Art Basel fairs, Lollapalooza festivals, La Liga in Spain, and most recently NASCAR. As we expand these partnerships, we’ll continue strengthening the Airbnb brand and supporting travel demand in destinations around the world.”
The stock surged 9% following the announcement.
By CEO NA Editorial Staff
