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Airbnb News

Airbnb Up 40% Year Over Year in Profits!

Airbnb recently released their financial results for Q4 and full-year 2022. The company had a record year in terms of revenue, with $8.4 billion, a 40% increase from the previous year. This was also their first profitable year on a GAAP basis, with a net income of $1.9 billion.

Adjusted EBITDA and Free Cash Flow also increased by 52% and 49% respectively.

Airbnb saw significant growth in guest demand in all regions throughout 2022, with guests returning to cities and crossing borders. The company also ended the year with 6.6 million active listings globally, an increase of over 900,000 from the previous year, driven by demand and product innovations.

Looking ahead to 2023, Airbnb is focusing on three strategic priorities: making hosting mainstream, perfecting the core service, and expanding beyond the core. The company also saw strong demand in Q1 of 2023, indicating that consumer confidence to travel remains high.

Overall, Airbnb had a strong quarter driven by positive business trends such as increased guest demand, longer stays, and growth in supply. The company aims to continue innovating and growing while investing in their Host community to help them succeed.

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