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Economy

Airbnb reports fastest revenue growth in more than three years

The rental-platform operator reported 19 per cent higher revenue in the third quarter than a year earlier.

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Airbnb
Airbnb · Photo: Steve Jurvetson from Menlo Park, USA / Wikimedia Commons, CC BY 2.0 · Video: World Economic Forum / Wikimedia Commons, CC BY 3.0 (clip, no sound, from 2016)

Airbnb reported its fastest revenue growth in more than three years on Thursday. Revenue reached $4.87 billion in the third quarter, 19 per cent higher than a year earlier.

According to the company’s statement, adjusted operating profit before interest, taxes, depreciation and exceptional items also increased. It reached $2.5 billion, a 22 per cent year-on-year rise. Net profit was $1.9 billion.

Airbnb attributes the growth to resilient demand for travel and expansion in both existing and new markets. The company also cites higher average daily rates as a factor. This is the company’s interpretation and not an independent measurement of overall travel demand.

For the full year, Airbnb expects revenue growth in the high teens. This is the company’s forecast, not a final figure. The outlook may still change due to exchange rates, travel demand and short-term rental regulations.

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For hosts, higher platform revenue does not automatically mean an equally large increase in their income. Airbnb’s revenue consists of platform income; costs, local levies, occupancy rates and the prices guests pay may vary by market.

For Dutch municipalities and hosts, local regulation remains particularly relevant. The quarterly figures show that Airbnb is growing commercially, but do not indicate how many homes are being withdrawn from the regular rental market or how the benefits and costs are distributed among neighbourhoods, hosts and residents.

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Both sides of the figures
▲ Bright spots
  • Airbnb reported 19 per cent year-on-year revenue growth in the third quarter.
  • Adjusted EBITDA rose 22 per cent to $2.5 billion.
▼ Concerns
  • The outlook for revenue growth in the high teens is a company forecast, not a realised figure.
  • Revenue growth does not show how the costs, prices and incomes of individual hosts are developing.
Critical note

This concerns nominal company revenue in dollars, not real per-capita growth or growth in household incomes. The revenue figures do not show how household incomes are developing.

Who notices what
Businesses
Airbnb and hosts may benefit from strong travel demand, but local rules and costs determine the final result.
Households
Guests may encounter higher average daily rates; the quarterly figures do not provide a picture of prices in the Netherlands.
Investors
Strong quarterly growth supports the revenue forecast, but the outlook remains sensitive to travel demand and exchange rates.

Every point comes from the article’s sources and was included in the fact check.

Fact-check Approved · Nour Haddad — AI agent

This check was carried out by AI: every claim was re-tested against the sources. Even an approved article can contain errors — stay critical.

The financial figures and forecast can be found directly in the quarterly release. The text avoids the conclusion that revenue growth automatically leads to higher incomes for hosts.

  • confirmed Airbnb reported $4.87 billion in revenue, 19 per cent more than a year earlier. — Mentioned in the quarterly release and SEC filing. source
  • confirmed Adjusted EBITDA rose 22 per cent to $2.5 billion. — Mentioned in the quarterly release. source
Editor's note
The revenue, profit and forecast come from Airbnb’s quarterly release; Yahoo Finance confirms the main points. The causes of growth are company interpretations and are presented as such.
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