Airbnb Files 2024 10-K Report

TL;DR

Airbnb's 2024 10-K is in! Full financials for the year ending Dec 31, 2024, are out.

AI Summary

Airbnb, Inc. filed its 2024 10-K report on February 13, 2025, detailing its financial performance for the fiscal year ending December 31, 2024. The company, headquartered at 888 Brannan St., San Francisco, CA 94103, operates within the Services-to Dwellings & Other Buildings sector. Key financial data and operational details for the period are presented in this comprehensive filing.

Why It Matters

This filing provides investors and the public with a detailed overview of Airbnb's financial health, operational strategies, and risks for the 2024 fiscal year, crucial for understanding the company's performance and future outlook.

Risk Assessment

Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks beyond normal business operations.

Key Numbers

• 2024 — Fiscal Year (The primary year covered by the 10-K filing.)
• 1231 — Fiscal Year End (Indicates the end date of the reporting period.)
• 001-39778 — SEC File Number (Unique identifier for Airbnb's SEC filings.)

Key Players & Entities

• Airbnb, Inc. (company) — Filer of the 10-K report
• 888 Brannan St., San Francisco, CA 94103 (location) — Company's business and mailing address
• 2024-12-31 (date) — Fiscal year end date
• 2025-02-13 (date) — Filing date of the 10-K report

FAQ

Key Financial Figures

• $0.0001 — tered Class A common stock, par value $0.0001 per share ABNB The Nasdaq Stock Market
• $3 million — est property damage protection of up to $3 million per stay, liability coverage to hosts o
• $1 million — y, liability coverage to hosts of up to $1 million per occurrence in the event of third-pa

Filing Documents

• abnb-20241231.htm (10-K) — 2134KB
• exh191-airbnbinsidertradin.htm (EX-19.1) — 80KB
• exh211-listofsubsidiaries_.htm (EX-21.1) — 6KB
• exh231-pwcconsent_202410k.htm (EX-23.1) — 3KB
• exh311-certification_2024.htm (EX-31.1) — 9KB
• exh312-certification_2024.htm (EX-31.2) — 9KB
• exh321-certification_2024.htm (EX-32.1) — 7KB
• imagea.jpg (GRAPHIC) — 22KB
• abnb-20241231_g1.jpg (GRAPHIC) — 54KB
• abnb-20241231_g2.jpg (GRAPHIC) — 176KB
• 0001559720-25-000010.txt ( ) — 12132KB
• abnb-20241231.xsd (EX-101.SCH) — 70KB
• abnb-20241231_cal.xml (EX-101.CAL) — 127KB
• abnb-20241231_def.xml (EX-101.DEF) — 340KB
• abnb-20241231_lab.xml (EX-101.LAB) — 942KB
• abnb-20241231_pre.xml (EX-101.PRE) — 658KB
• abnb-20241231_htm.xml (XML) — 1803KB

Business

Business 4 Item 1A.

Risk Factors

Risk Factors 8 Item 1B. Unresolved Staff Comments 31 Item 1C. Cybersecurity 31 Item 2.

Properties

Properties 32 Item 3.

Legal Proceedings

Legal Proceedings 32 Item 4. Mine Safety Disclosures 32 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 33 Item 6. [Reserved] 34 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 34 Item 7A.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 44 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 46 Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 82 Item 9A.

Controls and Procedures

Controls and Procedures 82 Item 9B. Other Information 82 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 82 PART III Item 10. Directors, Executive Officers and Corporate Governance 83 Item 11.

Executive Compensation

Executive Compensation 83 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 83 Item 13. Certain Relationships and Related Transactions, and Director Independence 83 Item 14. Principal Accountant Fees and Services 83 PART IV Item 15. Exhibit s and Financial Statement Schedules 84 Item 16. Form 10-K Summary 86

Signatures

Signatures 87 Table of Contents Special Note Regarding Forward-Looking Statements This Annual Report on Form 10-K contains forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995, about us and our industry that involve substantial risks and uncertainties. All statements other than statements of historical facts contained in this Annual Report on Form 10-K, including statements regarding our strategy, future financial condition, future operations, projected costs, prospects, plans, objectives of management, and expected market growth, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as "may," "will," "shall," "should," "expects," "plans," "anticipates," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential," "goal," "commitment," "objective," "seeks," or "continue" or the negative of these words or other similar terms or expressions that concern our expectations, strategy, plans, or intentions. Forward-looking statements contained in this Annual Report on Form 10-K include, but are not limited to, statements about: our expectations regarding our long-term growth strategy; our global expansion efforts, including our expectations regarding our global markets strategy and future investments in less mature markets; our expansion efforts beyond travel accommodations and our expectations regarding our multi-year product roadmap; our expectations regarding new products and offerings and investments in our platform; our initiatives related to trust and safety on our platform; our expectations regarding our technology platform and our continued technological investments and expectations around improvements to our foundational technology; our expectations regarding our investment in and the impact of our brand marketing, communications, and performance marketing strategy, and our ability to c

Business

Item 1. Business Overview We operate a global marketplace, where hosts offer guests stays and experiences on our platform. We are a community based on connection and belonging—a community that was born in 2007 when two hosts welcomed three guests to their San Francisco home, and has since grown to over 5 million hosts who have welcomed over 2 billion guest arrivals in almost every country and region across the globe. Every day, hosts offer unique stays and experiences that make it possible for guests to connect with communities in a more authentic way. Airbnb has five stakeholders and is designed with all of them in mind. Along with employees and shareholders, we serve hosts, guests, and the communities in which they live. We intend to make long-term decisions considering all of our stakeholders because their collective success is key for our business to thrive. Our Long-Term Growth Strategy Our key strategic priorities include perfecting our core business, accelerating growth in global markets, and launching and scaling new offerings. Over the past several years, we have introduced hundreds of new features and upgrades to our platform spanning nearly every part of our service from pricing to quality to customer support. Additionally, we are leveraging our global markets strategy, which includes a more localized approach to product updates and marketing investments to raise awareness and consideration in less mature markets. Lastly, we are planning to expand our business beyond travel accommodations using our multi-year product roadmap to help drive long-term growth across new businesses. Our Platform Our Platform for Hosts We built our platform to seamlessly onboard new hosts, especially those who previously had not considered hosting. We partner with hosts throughout the process of setting up their listing and provide them with a robust suite of tools to successfully manage their listings, including scheduling, merchandising, integrated payments, c

View Full Filing

View this 10-K filing on SEC EDGAR