Airbnb 2021 Best Year in Company's History - PhocusWire

Excerpt from PhocusWire

Airbnb Ends 2021 with 25% Revenue Growth over 2019

Despite the continued effects of the COVID-19 pandemic, Airbnb said 2021 was the 'best year in Airbnb’s history' as the home-share giant posted its Q4 and full-year financial results.

Revenues for both Q4 and full-year 2021 were up nearly 80% year-over-year and surpassed 2019 levels, with Q4 revenue clocking in at $1.5 billion, up 78% year-over-year, and full-year 2021 revenue notching $6 billion, up 78% over the same period last year.

Overall, Airbnb ended 2021 with 25% year-over-two-year revenue growth.

The company also achieved its highest ever Q4 and full-year adjusted EBITDA, with Q4 adjusted EBITDA of $333 million, up from adjusted EBITDA Q4 losses of $21 million in 2020 and $276 million in 2019.

For the full year, adjusted EBITDA was $1.6 billion, or adjusted EBITDA margin of 27%, an improvement from negative 5% adjusted EBITDA margin in 2019.

Net income for Q4 2021 also hit a record for the fourth quarter at $55 million compared to a net loss of $3.9 billion in Q4 2020. For the full-year 2021, net loss improved $322 million compared to the same period in 2019.

Nights and Experiences booked for Q4 2021 were 73.4 million, up 59% year-over-year but down 3% compared to Q4 2019. In a call with analysts, Airbnb co-founder and CEO Brian Chesky said that excluding the APAC region, nights and Experiences booked for the quarter were up 8% compared to Q4 2019.

For the full-year 2021, nights and Experiences were up 56% year-over-year to 300.6 million.

For the fourth quarter of 2021, Airbnb saw gross booking value – defined as nights booked prior to cancellations and alterations – jump 91% year-over-year and 32% year-over-two-years to $11.3 billion, which the company attributes to strong recovery in nights and Experiences booked combined with higher average daily rates.

Gross booking value for the full-year 2021 was up 96% year-over-year and 23% year-over-two-year to $46.9 billion.

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