Airbnb — Nov 7, 2024 release

For instance, we continued to see faster growth in bookings on an origin basis in low penetration states in middle-America through our marketing efforts. Stock-Based Compensation For full-year 2024, we expect our stock-based compensation (“SBC”) expense to be approximately 25% higher than in full-year 2023. The increase in SBC expense is expected to exceed headcount growth over the same time period due to the accounting for our restricted stock unit (“RSU”) awards, which has changed over time. Beyond 2024, after the last of the double-trigger RSUs (which we stopped issuing after our IPO in December 2020) have vested, we anticipate that SBC expense will grow largely in-line with headcount growth. Quarterly Revenue ($M) Q3 2024 revenue of $3.7 billion increased 10% compared to Q3 2023. 10% Y/Y Change $ $4,000M 4,000M 18% 10% Y/Y Change 18% 10% $4,000M 29% $3,732 Y/Y Change $3,000M 29% 18% $3,732 $3,000M $3,397 29% $3,397 $3,732 $3,000M $2,884 $2,000M $2,884 $3,397 $2,000M $2,884 $2,000M $ $1,000M 1,000M $1,000M $ $0M 0M $0M Q3 Q3 2022 2022 Q3 Q3 2023 2023 Q3 Q3 2024 2024 Q3 2022 Q3 2023 Q3 2024 Quarterly Net Income ($M) Q3 2024 net income of $1.4 billion declined relative to $4.4 billion in Q3 2023, largely due to a $2.8 billion one-time tax benefit in Q3 2023 from the release of a valuation allowance on certain deferred tax assets. $ $6,000M 6,000M Net income Net % of income revenue 129% % of revenue $4,500M 129% $4,500M $2,769* * Represents the $3,000M $2,769* * R