ABNB - Airbnb Inc. (ABNB) Q1 2024 Earnings Call Transcript
2024-05-08 18:48:07 ET
Airbnb, Inc. (ABNB)
Q1 2024 Earnings Conference Call
May 08, 2024, 04:30 PM ET
Company Participants
Angela Yang - Director, Investor Relations
Brian Chesky - Co-Founder & Chief Executive Officer
Ellie Mertz - Chief Financial Officer
Conference Call Participants
Mark Mahaney - Evercore ISI
Richard Clark - Bernstein
Jed Kelly - Oppenheimer
Ron Josey - Citi
Eric Sheridan - Goldman Sachs
Brian Nowak - Morgan Stanley
James Lee - Mizuho
Stephen Ju - UBS
Kevin Kopelman - TD Cowen
Nick Jones - Citizens JMP
Naved Khan - B. Riley Securities
Conor Cunningham - Melius Research
Presentation
Operator
Good afternoon, and thank you for joining Airbnb's Earnings Conference Call for the First Quarter of 2024. As a reminder, this conference call is being recorded and will be available for replay from the Investor Relations section of Airbnb's website following this call.
I will now hand the call over to Angela Yang, Director of Investor Relations. Please go ahead.
Angela Yang
Good afternoon, and welcome to Airbnb's first quarter of 2024 earnings call. Thank you for joining us today. On the call today, we have Airbnb Co-Founder and CEO, Brian Chesky and our Chief Financial Officer, Ellie Mertz. Earlier today, we issued a shareholder letter with our financial results and commentary for our first quarter of 2024. These items were also posted on the Investor Relations section of Airbnb's website. During the call, we'll make brief opening remarks and then spend the remainder of time on Q&A.
Before I turn it over to Brian, I would like to remind everyone that we will be making forward-looking statements on this call that involve a number of risks and uncertainties. Actual results may differ materially from those expressed or implied in the forward-looking statements due to a variety of factors. These factors are described under forward-looking statements in our shareholder letter and in our most recent filings with the Securities and Exchange Commission. We urge you to consider these factors and remind you that we undertake no obligation to update the information contained on this call to reflect subsequent events or circumstances. You should be aware that these statements should be considered estimates only and are not a guarantee of future performance.
Also, during this call, we will discuss some non-GAAP financial measures. We provide a reconciliation to the most directly comparable GAAP financial measures in the shareholder letter posted to our Investor Relations website. These non-GAAP measures are not intended to be a substitute for our GAAP results.
With that, I will pass the call to Brian.
Brian Chesky
All right. Good afternoon, everyone, and thanks for joining. Airbnb had a strong start to 2024. We had 133 million nights and experiences booked in Q1, marking our highest first quarter ever. Revenue of $2.1 billion grew 18% year-over-year, primarily driven by continued strength in travel demand and the timing of Easter....
Airbnb, Inc. (ABNB) Q1 2024 Earnings Call Transcript