Airbnb achieves significant successes in the second quarter of 2024

The second quarter of 2024 marked another strong performance for Airbnb, as announced at the company's recent earnings conference. With a total of 125 million booked nights and experiences, Airbnb achieved a revenue increase of 11% compared to the previous year, amounting to a total revenue of $2.75 billion. The net profit reached an impressive $555 million, reflecting a profit margin of 20%. Additionally, the company generated a free cash flow of $1 billion. Airbnb continues to pursue its three strategic priorities: mainstreaming hosting, perfecting its core business, and expanding beyond the core business. A highlight of this quarter was reaching over 8 million active listings, supported by continuous growth in all regions. Interestingly, the demand for Airbnb remains stable and strong even during special events. For instance, Airbnb recorded its highest-grossing week ever in North America during the week of July 4th. Similar trends are evident in Europe ahead of the Olympic Games, with bookings in Paris doubling compared to the previous year. However, there are also challenges. Booking lead times have shortened, indicating strong demand for short-term bookings, while long-term bookings show some weakness. This trend could be influenced by macroeconomic factors, which Airbnb is closely monitoring to make necessary adjustments. For the third quarter, Airbnb expects slightly more moderate demand from the U.S., but remains optimistic about growth in less penetrated markets and the introduction of new services. In summary, despite some challenges, Airbnb demonstrates remarkable financial strength and strategic flexibility. The company is well-positioned to continue achieving significant growth and to explore new markets.