In the third quarter of 2024, Airbnb reported total revenue of $3,732 million, a 10% increase from the same period the previous year. The net profit according to GAAP accounting standards was $1,368 million.
Key performance indicators showed an 8% increase in the number of nights stayed and activities, totaling 122.8 million times, with a net booking value of $20.1 billion, up by 10%.
Airbnb highlighted three main focus areas for the past quarter: expanding the number of hosts on the platform to over 8 million properties, introducing new features in the app to enhance user’s search for accommodations, and increasing marketing efforts in new markets beyond the core market.
Source: Airbnb (pdf)
TLDR: Airbnb’s Q3 2024 results show revenue growth, increased user engagement, and focus on expanding host network and market presence.
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