Airbnb has reported its fourth quarter performance for the year 2024 with a total revenue of $2.48 billion, an increase of 12% from the same period the previous year. The net profit according to GAAP is $461 million, showing improvement from the previous year’s loss.
The number of nights stayed and activities, which are key performance indicators for Airbnb, have increased by 12% to 110.0 million times. The value of bookings for accommodation and activities on the platform has also risen by 13% to $17.6 billion.
Airbnb has highlighted significant enhancements made to the platform with over 535 features introduced for guests and hosts, resulting in an improved service experience. A major platform update is scheduled for May 2025, while the long-term stay accommodation trend on the platform has seen a significant increase, positively impacting the business.
Source: Airbnb
TLDR: Airbnb’s Q4 2024 results show an increase in revenue and net profit, with a focus on platform improvements and growth in long-term stay bookings.
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