Similar companies
Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 2.75B | 28.3% |
| Gross Profit | 2.24B | 34.9% |
| Cost of Revenue | 506M | 5.4% |
| Operating expense | 1.41B | 9.1% |
| Net Income | 555M | 110.2% |
| EBITDA | 511M | 344.3% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 26.3B | 7.3% |
| Total Liabilities | 18.3B | 10.1% |
| Total Equity | 8B | 1.3% |
| Shares Outstanding | 635M | 0.5% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.05B | 45.3% |
| Cash from investing | -110M | 31% |
| Cash from financing | 811M | 62% |
EPS
Financial Highlights for Airbnb in Q2 '24
Airbnb reported a revenue of 2.75B, which is a 28.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.24B, marking a 34.9% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 506M, a 5.4% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.41B, showing a 9.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 555M, showing a 110.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 511M, showing a 344.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Airbnb with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
