HighGravityDataAirbnb — Nov 7, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001193125-24-253103
Showing in the filing
ADR
“increase modestly on a year-over-year basis”
Period
Q4 FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 15
Local payment methods across five continents for FY2025
“nearly 40”
Local payment methods offered for FY2025
“nearly 40 local payment methods across five continents”
Effective tax rate for FY2024
“approximately 20%”
Stock-based compensation (“SBC”) expense for FY2024
“approximately 25% higher than in full-year 2023”
SBC expense growth for the long term
“will grow largely in-line with headcount growth”
Nights and Experiences Booked growth for Q4 FY2024
“we expect year-over-year growth of Nights and Experienced Booked in Q4 2024 to be higher than Q3 2024”
Year-over-year growth of Nights and Experien… for Q4 FY2024
“higher than Q3 2024”
ADR for Q4 FY2024
“increase modestly on a year-over-year basis”
Revenue for Q4 FY2024
“$2.39 billion to $2.44 billion”
Revenue year-over-year growth for Q4 FY2024
“8% to 10%”
Implied take rate for Q4 FY2024
“slightly lower on a year-over-year basis”
Adjusted EBITDA Margin for FY2024
“approximately 35.5%”
Free Cash Flow Margin for FY2024
“several points above our Adjusted EBITDA Margin”
Adjusted EBITDA Margin for Q4 FY2024
“expected to decline relative to the same time period last year”
Revenue growth rate for Q1 FY2025
“will be negatively impacted by the comparison to Q1 2024, which benefited from both the timing of Easter and inclusion of Leap Day”
Exhibit 99.1 · the passage around this item
… earlier in the release
We are seeing strong demand trends in Q4 2024 across core and expansion markets for both long and short lead times. As a result,
we expect year-over-year growth of Nights and Experienced Booked in Q4 2024 to be higher than Q3 2024. In Q4 2024, we expect ADR to increase modestly on a year-over-year basis, driven by continued demand for larger and higher priced listings, as
well as a small benefit from foreign exchange. For Q4 2024, we expect to deliver revenue of $2.39 billion to $2.44 billion, representing year-over-year growth of 8% to 10%, inclusive of a modest foreign exchange tailwind. We anticipate
that our implied take rate in Q4 2024 will be slightly lower on a year-over-year basis, primarily due to one-time benefits recognized from unused gift cards in Q4 2023. Excluding these one-time benefits related to gift cards in Q4 2023, revenue growth in Q4 2024 would be approximately two percentage points higher. For the full-year 2024, we now expect to deliver an Adjusted EBITDA Margin of
approximately 35.5%. In addition, we expect to deliver a full-year 2024 Free Cash Flow Margin several points above our Adjusted EBITDA Margin. Q4 2024 Adjusted EBITDA Margin is expected to decline relative to the same time period last year due to
higher marketing and product development expenses. 5 A reconciliation of non-GAAP financial measures to the most comparable GAAP measures is provided at the end of this letter.
In Q1 2025, the year-over-year growth rate of revenue wi
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.