Yahoo Finance Airbnb First Quarter 2024 Earnings: Revenues Beat Expectations
Airbnb (NASDAQ:ABNB) First Quarter 2024 Results
Key Financial Results
Revenue: US$2.14b (up 18% from 1Q 2023).
Net income: US$264.0m (up 126% from 1Q 2023).
Profit margin: 12% (up from 6.4% in 1Q 2023). The increase in margin was driven by higher revenue.
All figures shown in the chart above are for the trailing 12 month (TTM) period
Airbnb Revenues Beat Expectations
Revenue exceeded analyst estimates by 3.9%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company's shares are down 7.1% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We've done some analysis and you can see our take on Airbnb's balance sheet.
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