ABNB FY 2023 Earnings Report — Airbnb, Inc. Revenue & Financial Results | Market Cap Arena

Airbnb, Inc.ABNB

FY 2023 Earnings

Reported February 16, 2024

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2023	Prior Q	FY 2022	QoQ Change	YoY Change
Revenue	$9.9B	—	$8.4B	—	18.1%
Op. Income	$1.5B	—	$1.8B	—	-15.8%
Gross Margin	82.8%	—	82.2%	—	0.7pp
Net Margin	48.3%	—	22.5%	—	25.8pp
EPS (Diluted)	$7.24	—	$2.79	—	159.5%
Free Cash Flow	$3.9B	—	$3.4B	—	14.1%

Revenue Flow

Item	Amount
REVENUE	$9.9B
Cost of Revenue	$1.7B
GROSS PROFIT	$8.2B
R&D Expenses	$1.7B
Selling & Marketing	$1.8B
General & Administrative	$2.0B
SG&A Expenses	$3.8B
Other Expenses	$1.2B
Operating Expenses	$6.7B
Cost & Expenses	$8.4B
OPERATING INCOME	$1.5B
Interest Income	$721M
Interest Expense	$83M
Other Income/Expenses	$584M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	-$2.7B
Net Income from Continuing Ops	$4.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.8B
D&A	$44M
EBIT	$1.5B
EBITDA	$1.6B
EPS	$8
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$9.9B
Cost of Revenue	$1.7B
GROSS PROFIT	$8.2B
R&D Expenses	$1.7B
Selling & Marketing	$1.8B
General & Administrative	$2.0B
SG&A Expenses	$3.8B
Other Expenses	$1.2B
Operating Expenses	$6.7B
Cost & Expenses	$8.4B
OPERATING INCOME	$1.5B
Interest Income	$721M
Interest Expense	$83M
Other Income/Expenses	$584M
INCOME BEFORE TAX	$2.1B
Income Tax Expense	-$2.7B
Net Income from Continuing Ops	$4.8B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$4.8B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$4.8B
D&A	$44M
EBIT	$1.5B
EBITDA	$1.6B
EPS	$8
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$4.8B
Depreciation & Amortization	$44M
Stock-Based Compensation	$1.1B
Deferred Income Tax	-$2.9B
Other Non-Cash Items	$83M
Change in Working Capital	$720M
OPERATING CASH FLOW	$3.9B
Capital Expenditure	$0
Acquisitions (Net)	$0
Purchases of Investments	-$3.3B
Sales/Maturities of Investments	$2.4B
Other Investing Activities	-$114M
NET CASH FROM INVESTING	-$1.0B
Net Debt Issuance	$0
Common Stock Repurchased	-$2.3B
Common Dividends Paid	$0
Other Financing Activities	-$178M
NET CASH FROM FINANCING	-$2.4B
FREE CASH FLOW	$3.9B
Net Change in Cash	$564M

Balance Sheet

Item	Amount
Cash & Equivalents	$6.9B
Short-Term Investments	$3.2B
Net Receivables	$6.1B
Inventory	$0
Other Current Assets	$364M
TOTAL CURRENT ASSETS	$16.5B
PP&E (Net)	$279M
Goodwill	$752M
Intangible Assets	$40M
Long-Term Investments	$0
Tax Assets	$2.9B
Other Non-Current Assets	$184M
TOTAL NON-CURRENT ASSETS	$4.1B
TOTAL ASSETS	$20.6B
Account Payables	$141M
Short-Term Debt	$0
Deferred Revenue	$1.4B
Other Current Liabilities	$436M
TOTAL CURRENT LIABILITIES	$9.9B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$287M
TOTAL NON-CURRENT LIABILITIES	$2.5B
TOTAL LIABILITIES	$12.5B
Common Stock	$0
Additional Paid-In Capital	$11.6B
Retained Earnings	-$3.4B
Treasury Stock	$0
Accum. Other Comp. Income	-$49M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$8.2B
Minority Interest	$0
TOTAL EQUITY	$8.2B
TOTAL LIABILITIES & EQUITY	$20.6B
Total Debt	$2.3B
Net Debt	-$4.6B