Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 3.73B | 35.8% |
| Gross Profit | 3.27B | 45.7% |
| Cost of Revenue | 465M | 8.1% |
| Operating expense | 1.37B | 2.4% |
| Net Income | 1.37B | 146.5% |
| EBITDA | 1.54B | 201.4% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 22.2B | 15.8% |
| Total Liabilities | 13.7B | 25.3% |
| Total Equity | 8.49B | 6.1% |
| Shares Outstanding | 631M | 0.6% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 1.08B | 2.6% |
| Cash from investing | -202M | 83.6% |
| Cash from financing | -5.19B | 739.6% |
EPS
Financial Highlights for Airbnb in Q3 '24
Airbnb reported a revenue of 3.73B, which is a 35.8% 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 3.27B, marking a 45.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 465M, a -8.1% 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 1.37B, showing a -2.4% 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 1.37B, showing a 146.5% 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 1.54B, showing a 201.4% 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.
