Airbnb's (ABNB) revenue for Q4 2024 increased by 12% to $11.1 billion compared to $9.9 billion in 2023. This growth was primarily driven by a 10% increase in Nights and Experiences Booked, reaching 492 million, and a modest increase in Average Daily Rate (ADR). Gross Booking Value (GBV) also rose by 12% to $81.8 billion, reflecting strong travel demand across all regions.

Net income for Q4 2024 decreased significantly by 45% to $2.6 billion, compared to $4.8 billion in 2023. This decline was largely due to the release of a $2.9 billion valuation allowance on U.S. federal and state deferred tax assets in 2023, which had boosted prior-year results. Additionally, deferred tax expenses related to the utilization of these assets in 2024 contributed to the decline.

Adjusted EBITDA for Q4 2024 increased by 11% to $4.0 billion, demonstrating strong operational performance and disciplined cost management. The Adjusted EBITDA margin remained robust at 36%, slightly down from 37% in 2023, reflecting continued efficiency in managing expenses despite revenue growth.

Airbnb's cash flow from operating activities reached $4.5 billion in 2024, up from $3.9 billion in 2023, driven by strong income from operations and interest income. Free Cash Flow also increased to $4.5 billion, representing a Free Cash Flow margin of 40%, up from 39% in the prior year.

During 2024, Airbnb repurchased 24.5 million shares of Class A common stock for $3.4 billion. As of December 31, 2024, the company had $3.3 billion available for further share repurchases under its ongoing program, reflecting a commitment to returning value to shareholders.

Geographically, revenue growth was driven by both the U.S. and international markets. U.S. revenue increased to $4.64 billion, while international revenue grew to $6.46 billion, reflecting strong demand across all regions.

Airbnb's cost of revenue increased by 10% to $1.88 billion in 2024, primarily due to higher payment processing costs and third-party data center expenses. Despite this, cost of revenue as a percentage of total revenue decreased slightly, reflecting improved operational efficiency.

The company reported total costs and expenses of $8.55 billion in 2024, a modest 2% increase from $8.4 billion in 2023. This was driven by higher spending on product development and sales and marketing, partially offset by a reduction in general and administrative expenses.

Airbnb's balance sheet remained strong with total assets of $20.96 billion as of December 31, 2024, up from $20.65 billion in 2023. Cash and cash equivalents were stable at $6.86 billion, while short-term investments increased to $3.75 billion, reflecting a solid liquidity position.

Key business metrics showed robust performance, with Nights and Experiences Booked increasing by 10% to 492 million and Gross Booking Value rising by 12% to $81.8 billion. These metrics underscore the continued strength of Airbnb's platform and its ability to attract and retain customers.