Airbnb Q4 revenue rises 17% to $2.2B; net loss of $349M on about $1B tax items
Airbnb reported fourth-quarter 2023 revenue of $2.2 billion, up 17% from a year earlier, and Adjusted EBITDA of $738 million, up 46%. The company also posted a GAAP net loss of $349 million, which included about $1 billion of non-recurring tax withholding expenses and lodging tax reserves, compared with net income of $319 million in Q4 2022. The company also announced a new share repurchase program authorizing up to $6 billion of Class A common stock.
- Q4 2023 revenue was $2.2 billion, up 17% year over year (14% excluding FX); full-year revenue was $9.9 billion.
- Q4 net loss was $349 million, including about $1 billion of non-recurring tax items; Adjusted Net Income was $489 million.
- Q4 Adjusted EBITDA was $738 million, up 46% from $506 million in Q4 2022.
- A new share repurchase program authorizes up to $6 billion of Class A common stock, following $750 million remaining under the prior program as of December 31, 2023.