Airbnb Reports Second Quarter Earnings – Their best Q2 in company history

• Nights and Experiences Booked = 103.7M +25% Y/Y
• Gross Booking Value (GBV) = $17.0B +27% Y/Y
• Revenue = $2.1B +58% Y/Y
• Net Income (Loss) = +$379M, Most profitable Q2 ever with $379 million of net income— nearly a $700 million improvement from Q2 2019. (Compared to $68M Loss in Q2 2021)
• Free Cash Flow (“FCF”) = Generated $800 million of net cash provided by operating activities in Q2 and $2.9 billion of trailing twelve months (“TTM”) Free Cash Flow.
• Announced $2B share repurchase plan

Our Q2 results demonstrate that Airbnb has achieved growth and profitability at scale. From a growth perspective, we exceeded 103 million Nights and Experiences Booked, our largest quarterly number ever. We generated $2.1 billion in revenue, growing 58% year-over-year (or 64% excluding foreign exchange). Our revenue and GBV are 73% larger than in Q2 2019. Since the beginning of the pandemic, Airbnb has significantly outperformed the rest of the travel industry. From a profitability perspective, we had our most profitable Q2 ever with net income of $379 million—a nearly $700 million improvement from Q2 2019. We generated $795 million of FCF in the quarter—a nearly $1.1 billion improvement from the $(263) million FCF from the depths of the pandemic two years ago. More importantly, over the last twelve months, we’ve generated $2.9 billion in FCF, bringing our total cash balance to nearly $10 billion.