Airbnb (ABNB) has impressive financial performance, with the stock soaring more than 14%, and the CEO has stated that new product services will be launched.

Airbnb's stock price soared more than 14% on Friday, reaching 161.42 USD at last week's closing price. Airbnb's earnings exceeded expectations, and CEO Brian Chesky stated that Airbnb will be developed not only as an accommodation-finding app, but also in a manner similar to Amazon's e-commerce website, providing travelers with a one-stop service to meet consumer needs for comprehensive travel and lifestyle services. Local guides on Airbnb now offer travelers more experiential travel experiences. Citigroup analysts maintained a buy rating on Airbnb's performance announcement and raised the stock's target price from 158 USD to 170 USD, citing a healthy trend in the travel market, unchanged profit margins, and newer products.

Airbnb announced its Q4 2024 financial report, with a revenue growth of 12%.

Airbnb's Q4 financial report shows that revenue reached $2.5 billion in the fourth quarter of 2024, a 12% increase compared to the same period in 2023, mainly driven by the growth in nighttime accommodation bookings on the platform, as well as the expansion of local payment options and property management services, significantly boosting profitability and cash flow. Airbnb's net income profit margin in Q4 2024 reached $461 million, a 19% increase, and the adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) margin was 36%, generating $4.5 billion in free cash flow (FCF) in 2024.

Co-Host Network provides property management services for landlords

Airbnb CEO Chesky expressed in the financial conference call records provided by AlphaSense that he hopes the Airbnb application will be similar to Amazon, providing a one-stop service to meet travel and lifestyle needs, and will gradually launch new services this year.

The Q4 2024 financial report specifically introduces the Co-Host-Network service provided by Airbnb to landlords, who can use Airbnb's Co-Host Network to find co-hosts in the local community to manage the property listing on Airbnb, including setting up property listings, managing reservation lists, and communicating with guests, allowing many landlords who do not have time to manage Airbnb to find suitable co-hosts to help manage the property together. Airbnb's Co-Host Network currently has 100,000 property listings, and this service will also expand to Japan and Korea in the future.

Local payment feature is available in over 20 countries

Airbnb launches flexible payment options, introducing local payment methods in nearly 20 countries including South Korea, Brazil, and Indonesia. Airbnb's financial report shows that local payment methods can significantly increase booking conversion rates.

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