On February 13th local time in the United States, Airbnb (Chinese name: Airbnb, Nasdaq: ABNB), a shared accommodation platform, disclosed its performance reports for the fourth quarter and full year of 2023. Financial data shows that in the fourth quarter of 2023, Airbnb's revenue was approximately 2.2 billion US dollars, a year-on-year increase of 17%; Net loss of approximately 349 million US dollars, a year-on-year decrease of approximately 209%; Adjusted EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization) was approximately $738 million, a year-on-year increase of 4.6%.
Throughout the year, Airbnb's revenue in 2023 was approximately 9.9 billion US dollars, an increase of 18% year-on-year; Net profit is approximately 4.8 billion US dollars, a year-on-year increase of 154%; Adjusted EBITDA of approximately $3.7 billion.
From business data, in the fourth quarter of 2023, Airbnb's accommodation (room nights) and experience bookings reached 98.8 million, a year-on-year increase of 12%; The Gross Booking Value (GBV) reached $15.5 billion, a year-on-year increase of 15%.
Airbnb stated that it will usher in another strong quarter towards the end of 2023. The accommodation and experience bookings for the fourth quarter of 2023 were the highest in history. Airbnb stated that its underpenetrated market is accelerating growth in the fourth quarter of 2023, and as part of its international expansion strategy, Airbnb is investing in its brand awareness in less mature markets. In view of this, during the reporting period, Airbnb has shown strong momentum in various regions. In the fourth quarter of 2023, Airbnb's net room night bookings in Brazil almost doubled compared to the same period in 2019. In the European, Middle Eastern, and African markets, Airbnb has also started investing in several medium-sized markets.
Airbnb stated that compared to the fourth quarter of 2022, all regions achieved strong growth during the reporting period, with the Asia Pacific and Latin America experiencing the strongest growth. In Latin America, Airbnb's accommodation and experience bookings increased by 22% year-on-year, while bookings in Mexico and Brazil continued to be strong. Compared to 2019, the growth level of accommodation and experience bookings in all regions of Latin America was the highest in each quarter of 2023.
In the Asia Pacific region, the booking volume for accommodation and experiences also increased by 22% year-on-year. Airbnb pointed out that the overall cross-border travel in the Asia Pacific region increased by 29% year-on-year. Among them, in the fourth quarter of 2023, accommodation and experience bookings from Chinese Mainland (outbound travel) increased by nearly 90% year on year. "We are encouraged by the recovery of China's outbound business," Airbnb said.
Brian Chesky, co-founder and CEO of Airbnb, stated in a earnings conference call, "We expect China's outbound tourism to exceed 2019 levels by the end of this year."
In addition, Airbnb expressed excitement about the upcoming 2024 Paris Olympics as it has seen an increase in supply and demand. During the reporting period, the number of bookings for travelers in Paris during the summer was more than twice that of the same period in 2023.
According to data disclosed by Airbnb, the performance was strong at the beginning of the new year in 2024, with over 6 million guests welcoming the new year at Airbnb. Airbnb expects its revenue to reach $2.03 billion to $2.07 billion in the first quarter of 2024, a year-on-year increase of 12% to 14%; ADR (Average Daily House Price) will remain stable or slightly increase compared to the first quarter of 2023.