Stock Analysis on Net

Airbnb Inc. (NASDAQ:ABNB)

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Airbnb Inc., consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021
Revenue 2,218 3,397 2,484 1,818 1,902 2,884 2,104 1,509 1,532 2,237 1,335 887
Cost of revenue (384) (459) (432) (428) (345) (401) (390) (363) (295) (312) (294) (255)
Gross profit 1,834 2,938 2,052 1,390 1,556 2,483 1,714 1,146 1,237 1,926 1,041 632
Operations and support (271) (316) (317) (282) (260) (290) (258) (233) (225) (228) (208) (185)
Product development (432) (419) (451) (420) (398) (366) (375) (363) (368) (344) (350) (363)
Sales and marketing (424) (403) (486) (450) (408) (383) (380) (345) (351) (291) (315) (229)
General and administrative (1,203) (304) (275) (243) (256) (240) (243) (211) (217) (211) (218) (190)
Restructuring charges (89) (1) (1) (112)
Income (loss) from operations (496) 1,496 523 (5) 235 1,203 369 (5) 76 852 (51) (447)
Interest income 192 192 191 146 103 58 20 5 4 3 3 3
Interest expense (71) (6) (2) (4) (5) (6) (7) (6) (3) (7) (7) (422)
Other income (expense), net (8) (3) (36) (7) 12 14 2 (2) (5) 2 (2) (300)
Income (loss) before income taxes (383) 1,679 676 130 344 1,270 383 (8) 72 850 (57) (1,166)
(Provision for) benefit from income taxes 34 2,695 (26) (13) (25) (56) (4) (11) (18) (17) (11) (6)
Net income (loss) (349) 4,374 650 117 319 1,214 379 (19) 55 834 (68) (1,172)

Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

Income statement item Description The company
Revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Airbnb Inc. revenue increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. Airbnb Inc. income (loss) from operations increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
Income (loss) before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Airbnb Inc. income (loss) before income taxes increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Airbnb Inc. net income (loss) increased from Q2 2023 to Q3 2023 but then decreased significantly from Q3 2023 to Q4 2023.