Airbnb Inc., adjustment to net income (loss)

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income (loss) (as reported)	4,792)	1,893)	(352)	(4,585)
Add: Net unrealized gain (loss) on available-for-sale marketable securities, net of tax	6)	(15)	(4)	—)
Net income (loss) (adjusted)	4,798)	1,878)	(356)	(4,585)

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Airbnb Inc., adjusted profitability ratios

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Profit Margin
Reported net profit margin	48.32%	22.54%	-5.88%	-135.71%
Adjusted net profit margin	48.38%	22.36%	-5.94%	-135.71%
Return on Equity (ROE)
Reported ROE	58.69%	34.05%	-7.37%	-158.00%
Adjusted ROE	58.76%	33.78%	-7.45%	-158.00%
Return on Assets (ROA)
Reported ROA	23.21%	11.80%	-2.57%	-43.70%
Adjusted ROA	23.24%	11.71%	-2.59%	-43.70%

Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	Airbnb Inc. adjusted net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	Airbnb Inc. adjusted ROE improved from 2021 to 2022 and from 2022 to 2023.
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	Airbnb Inc. adjusted ROA improved from 2021 to 2022 and from 2022 to 2023.

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	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss)	4,792)	1,893)	(352)	(4,585)
Revenue	9,917)	8,399)	5,992)	3,378)
Profitability Ratio
Net profit margin¹	48.32%	22.54%	-5.88%	-135.71%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss)	4,798)	1,878)	(356)	(4,585)
Revenue	9,917)	8,399)	5,992)	3,378)
Profitability Ratio
Adjusted net profit margin²	48.38%	22.36%	-5.94%	-135.71%

2023 Calculations

¹ Net profit margin = 100 × Net income (loss) ÷ Revenue
= 100 × 4,792 ÷ 9,917 = 48.32%

² Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Revenue
= 100 × 4,798 ÷ 9,917 = 48.38%

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Profitability ratio	Description	The company
Adjusted net profit margin	An indicator of profitability, calculated as adjusted net income divided by revenue.	Airbnb Inc. adjusted net profit margin ratio improved from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss)	4,792)	1,893)	(352)	(4,585)
Stockholders’ equity	8,165)	5,560)	4,776)	2,902)
Profitability Ratio
ROE¹	58.69%	34.05%	-7.37%	-158.00%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss)	4,798)	1,878)	(356)	(4,585)
Stockholders’ equity	8,165)	5,560)	4,776)	2,902)
Profitability Ratio
Adjusted ROE²	58.76%	33.78%	-7.45%	-158.00%

2023 Calculations

¹ ROE = 100 × Net income (loss) ÷ Stockholders’ equity
= 100 × 4,792 ÷ 8,165 = 58.69%

² Adjusted ROE = 100 × Adjusted net income (loss) ÷ Stockholders’ equity
= 100 × 4,798 ÷ 8,165 = 58.76%

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Profitability ratio	Description	The company
Adjusted ROE	A profitability ratio calculated as adjusted net income divided by shareholders’ equity.	Airbnb Inc. adjusted ROE improved from 2021 to 2022 and from 2022 to 2023.

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss)	4,792)	1,893)	(352)	(4,585)
Total assets	20,645)	16,038)	13,708)	10,491)
Profitability Ratio
ROA¹	23.21%	11.80%	-2.57%	-43.70%
Adjusted: Mark to Market Available-for-sale Securities
Selected Financial Data (US$ in millions)
Adjusted net income (loss)	4,798)	1,878)	(356)	(4,585)
Total assets	20,645)	16,038)	13,708)	10,491)
Profitability Ratio
Adjusted ROA²	23.24%	11.71%	-2.59%	-43.70%

2023 Calculations

¹ ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 4,792 ÷ 20,645 = 23.21%

² Adjusted ROA = 100 × Adjusted net income (loss) ÷ Total assets
= 100 × 4,798 ÷ 20,645 = 23.24%

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Profitability ratio	Description	The company
Adjusted ROA	A profitability ratio calculated as adjusted net income divided by total assets.	Airbnb Inc. adjusted ROA improved from 2021 to 2022 and from 2022 to 2023.

Airbnb Inc. (NASDAQ:ABNB)

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