Every material Form 8-K Airbnb filed with the SEC in 2023, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Airbnb said Ellie Mertz, its current Vice President of Finance, will become Chief Financial Officer on March 1, 2024, replacing Dave Stephenson in that role. Stephenson will serve as both CFO and Chief Business Officer from January 1, 2024 until the transition date, then continue as Chief Business Officer. The filing also says Global Head of Hosting Catherine Powell will leave the company on June 30, 2024, under a retention agreement.
Ellie Mertz becomes CFO effective March 1, 2024, with a $600,000 annual base salary and a target bonus of 75% of base salary.
Dave Stephenson is appointed Chief Business Officer effective January 1, 2024 and was granted 4,040 restricted stock units.
Catherine Powell, Global Head of Hosting, will depart on June 30, 2024 and serve in a transition role until then.
Airbnb reported third-quarter 2023 revenue of $3.4 billion, up 18% from a year earlier, and net income of $4.4 billion. Net income included a one-time, non-cash $2.8 billion income tax benefit, so adjusted net income of $1.6 billion, up from $1.2 billion, better reflects operations. For shareholders, the company guided fourth-quarter revenue to $2.13 billion to $2.17 billion, implying 12% to 14% growth, and said it repurchased $500 million of stock in the quarter.
Q3 revenue of $3.4 billion, up 18% year-over-year (14% excluding FX)
Q3 net income of $4.4 billion included a $2.8 billion one-time, non-cash tax benefit; adjusted net income was $1.6 billion versus $1.2 billion a year earlier
Adjusted EBITDA of $1.8 billion, up 26% year-over-year
Q4 2023 revenue outlook of $2.13 billion to $2.17 billion, implying 12% to 14% growth; company expects nights booked growth to moderate
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Airbnb filing is on SEC EDGAR ↗. 8-K briefs of other companies →