Our Year Has Started Strongly. In the first quarter of 2024, Nights and Experiences Booked reached 133 million. We made $2.1 billion in revenue — up 18% from the previous year. In Q1, our net income was $264 million — our most profitable quarter one of all time. Our adjusted EBITDA in Q1 was $424 million, with a 20% Adjusted EBITDA Margin — up 6 percentage points from the prior year. In Q1, we progressed significantly on our strategic priorities and will continue to invest in these areas: Making hosting mainstream: Our goal is to make hosting just as common as traveling on Airbnb. We plan to raise awareness of the benefits of hosting, offer better tools for hosts, and help them provide better quality stays. We will keep quality high even as we scale our supply to meet demand, and in the first quarter, we removed numerous listings that would not match the standard anticipated by our visitors. Outside of this removal, active listings excluding experiences grew 17% year over year, and double-digit supply growth persisted across all regions. Onward into this year, we’ll continue to share the benefits of hosts and boost the host experience more widely. Perfecting the core service: We’ve made hundreds of enhancements over the past few years to make Airbnb more reliable, more affordable, and a better experience for hosts and visitors. We took a significant step in November with the release of Guest Favorites, which included the most appealing Airbnb homes based on scores, feedback, and consistency.illions of room nights have been reserved since its debut. Over the next year, we’ll make it considerably easier to locate a reputable and inexpensive apartment. Expanding beyond the core: We devoted more time to less developed markets to produce more to unleashing the potential. Taking our core payments, in Q1, growth surpassed that in our core markets on average but was still a small percentage of the overall rooms reserved. We’ll continue our global growth push while also putting together our Airbnb’s architecture. This effort will take years, but we’re making progress. Just last week, we disclosed Icons — groundbreaking activities hosted by the finest musicians, filmmakers, TV shows, artists, athletics, et cetera.; we’ve published 8,700 Icons in 139 nations. In various places, more to follow, massively expanding in the sector like this. Our Q1 2024 results were as follows: Q1 revenue, as noted, 18% year over year; it was 2.1 billion dollars. From 1.8 billion in 2023 Q1, growth is primarily driven by Nights and Experiences Booked, higher Average Daily Rate (“ADR”), and the relative shift in the timing of Easter from 2023 Q2 to 2024 Q1. Q1 net income 126% Year over year from $264 million a year; 117 million in 2023 Q1. These increases are driven by our revenue growth and contain interest income. Our net income margin for Q1 2024 was 12%, 6%.
