Second, our product improvements are working. Hosts are attracted to supplemental income that they can earn on Airbnb, which is often critical during tough times. “We believe there are probably two factors that drove this growth.
“Why are listings accelerating in growth?” Chesky said. The company ended the year with 6.6 million active listings - 900,000 more than it had at the beginning of the year, excluding China. For the full year, those figures saw a 35% increase to $63.2 billion. Strong growth in Nights and Experiences booked – the total of nights booked for stays and seats booked for experiences after cancellations – drove nearly $13.5 billion in gross booking value for the quarter, a 20% increase year over year. “Now both segments continue to accelerate while non-urban and domestic travel remain strong.” “This was the bread and butter of Airbnb before the pandemic,” Chesky said. Guest demand remained strong throughout 2022, the company reported, with all regions seeing significant growth in 2022 as guests increasingly crossed borders and returned to cities on Airbnb. Therefore, this is going to be an exciting year for Airbnb and traveling all around the world.” Travel is going to become a very important way that people experience the world this year. “I think part of that is no matter what happens in the world, people want to travel. “Consumer confidence to travel remains really high,” Chesky said in concluding a call with financial analysts to discuss the results. I accept the Terms and Conditions and Privacy Policy. The company followed that up with the most profitable second quarter in its history, and the third quarter was Airbnb’s most profitable quarter ever.Ĭompany officials anticipate more of the same in 2023, with strong demand for early summer bookings across the first few weeks of the year indicating more good things ahead. Revenue eclipsed $1.5 billion for the first time in the first quarter of 2022. Tuesday’s report capped a year of record-setting financials for the U.S.-based home-sharing and alternative accommodation giant. “Through all of this, people continue to travel,” he said. Adjusted EBITDA was $506 million in Q4 – another company record – and generated a full-year total of $2.9 billion.Īfter ticking off all the obstacles his company - and travel in general - faced in 2022, Chesky couldn’t be blamed for sounding a little giddy. Net income for those three months was $319 million, making it the company’s most profitable fourth quarter ever. So why was Airbnb CEO Brian Chesky chattering Tuesday like a schoolboy with a Valentine from every kid the class? Just look at the numbers on the chalkboard.įourth quarter revenues of $1.9 billion were up 24% from the same period in 2021. If 2022 didn’t look promising for the travel industry, 2023 doesn’t look much better.
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