Airbnb (ABNB) earnings Q1 2022

Read Time:3 Minute, 17 Second

When the pandemic first hit one of the world’s most valuable start-ups saw its private value nearly halved. Now as hotels suffer but vacation rentals boom, Airbnb CEO Brian Chesky is reportedly planning to file for a long-awaited IPO.

Mike Segar | Reuters

Airbnb reported better-than-expected results on Tuesday and gave an upbeat forecast for the second quarter, as the company sees a rebound in travel coming out of the pandemic.

The shares rose more than 6% in after-hours trading.

Here are the key numbers:

  • Loss per share: 3 cents vs 29 cents expected by analysts, according to Refinitiv.
  • Revenue: $1.51 billion vs $1.45 billion expected, according to Refinitiv.

Revenue in the first quarter surged 70% from a year earlier, despite pandemic concerns, “macroeconomic headwinds” and the war in Ukraine, the company said. Airbnb’s net loss narrowed to $19 million from $1.2 billion the same quarter a year ago.

Growth is expected to stay strong in the current quarter. Airbnb said revenue will be between $2.03 billion and $2.13 billion, topping analysts’ average estimate of $1.96 billion. The low end of the range would represent growth of 52%.

However, the company said that risks to bookings include “additional Covid outbreaks, any impact to travel from the conflict in Ukraine, and consumer price sensitivity.”

For the first quarter, Airbnb reported 102.1 million nights and experiences booked, surpassing pre-pandemic levels. Analysts expected the number to come in at 100.87 million, according to StreetAccount.

Travelers are also becoming increasingly confident in booking trips further in advance. At the end of April, the company had 30% more nights booked for the summer travel season than at the same time in 2019.

Gross booking value, which Airbnb uses to track host earnings, service fees, cleaning fees and taxes, totaled $17.2 billion in the first quarter, exceeding Wall Street’s estimate of $16.54 billion, per StreetAccount. That’s up 67% year over year.

Average daily rates rose 5% from a year ago to $168 in the quarter. The company anticipates ADR to be flat in the second quarter on a year-over-year basis.

“Stable ADR in Q2 2022 suggests that Nights and Experiences Booked growth in Q2 will be a good indicator of GBV growth in Q2, both on a year-over year basis,” the company said.

Airbnb has benefited from changes in the way people work and travel caused by the Covid-19 pandemic. Workers were no longer tethered to their desks and remote options became the norm, with many work-from-anywhere policies still in place today.

Airbnb said last week it would allow its employees to work from wherever they want in the US Starting in September, staffers can also live and work in more than 170 countries for up to 90 days a year in each location.

Airbnb said long-term stays of 28 days or more remained its fastest-growing category by trip length compared to 2019. They accounted for 21% of gross nights booked in the first quarter.

The company also gave an update on its humanitarian efforts in Ukraine. Airbnb offered free, temporary housing for up to 100,000 refugees fleeing the war. To date, more than 14,000 people have received temporary accommodations through Airbnb in Europe, and more than 34,000 people up to offer their homes to refugees, the company said.

After people began booking listings in Ukraine with no intention to stay as a way to support hosts, the company waived guest and host fees. Airbnb said that approximately 600,000 nights were booked in Ukraine in the quarter with a total GBV of about $20 million.

The company will discuss its results during a call with investors at 5:30 pm ET. Please check back for updates.

If you want to know more about business please go to

0 %
0 %
0 %
0 %
0 %
0 %
We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. View more
Cookies settings
Privacy & Cookie policy
Privacy & Cookies policy
Cookie name Active

Who we are

Suggested text: Our website address is:


Suggested text: When visitors leave comments on the site we collect the data shown in the comments form, and also the visitor’s IP address and browser user agent string to help spam detection. An anonymized string created from your email address (also called a hash) may be provided to the Gravatar service to see if you are using it. The Gravatar service privacy policy is available here: After approval of your comment, your profile picture is visible to the public in the context of your comment.


Suggested text: If you upload images to the website, you should avoid uploading images with embedded location data (EXIF GPS) included. Visitors to the website can download and extract any location data from images on the website.


Suggested text: If you leave a comment on our site you may opt-in to saving your name, email address and website in cookies. These are for your convenience so that you do not have to fill in your details again when you leave another comment. These cookies will last for one year. If you visit our login page, we will set a temporary cookie to determine if your browser accepts cookies. This cookie contains no personal data and is discarded when you close your browser. When you log in, we will also set up several cookies to save your login information and your screen display choices. Login cookies last for two days, and screen options cookies last for a year. If you select "Remember Me", your login will persist for two weeks. If you log out of your account, the login cookies will be removed. If you edit or publish an article, an additional cookie will be saved in your browser. This cookie includes no personal data and simply indicates the post ID of the article you just edited. It expires after 1 day.

Embedded content from other websites

Suggested text: Articles on this site may include embedded content (e.g. videos, images, articles, etc.). Embedded content from other websites behaves in the exact same way as if the visitor has visited the other website. These websites may collect data about you, use cookies, embed additional third-party tracking, and monitor your interaction with that embedded content, including tracking your interaction with the embedded content if you have an account and are logged in to that website.

Who we share your data with

Suggested text: If you request a password reset, your IP address will be included in the reset email.

How long we retain your data

Suggested text: If you leave a comment, the comment and its metadata are retained indefinitely. This is so we can recognize and approve any follow-up comments automatically instead of holding them in a moderation queue. For users that register on our website (if any), we also store the personal information they provide in their user profile. All users can see, edit, or delete their personal information at any time (except they cannot change their username). Website administrators can also see and edit that information.

What rights you have over your data

Suggested text: If you have an account on this site, or have left comments, you can request to receive an exported file of the personal data we hold about you, including any data you have provided to us. You can also request that we erase any personal data we hold about you. This does not include any data we are obliged to keep for administrative, legal, or security purposes.

Where we send your data

Suggested text: Visitor comments may be checked through an automated spam detection service.
Save settings
Cookies settings