Stock Analysis on Net

Airbnb Inc. (NASDAQ:ABNB)

Analysis of Investments

Microsoft Excel

Adjustment to Net Income (Loss): Mark to Market Available-for-sale Securities

Airbnb Inc., adjustment to net income (loss)

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss) (as reported) 2,648 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) 2,648 4,798 1,878 (356) (4,585)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).


Adjusted Profitability Ratios: Mark to Market Available-for-sale Securities (Summary)

Airbnb Inc., adjusted profitability ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net Profit Margin
Reported net profit margin 23.85% 48.32% 22.54% -5.88% -135.71%
Adjusted net profit margin 23.85% 48.38% 22.36% -5.94% -135.71%
Return on Equity (ROE)
Reported ROE 31.48% 58.69% 34.05% -7.37% -158.00%
Adjusted ROE 31.48% 58.76% 33.78% -7.45% -158.00%
Return on Assets (ROA)
Reported ROA 12.63% 23.21% 11.80% -2.57% -43.70%
Adjusted ROA 12.63% 23.24% 11.71% -2.59% -43.70%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by shareholders’ equity. Airbnb Inc. adjusted ROE improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by total assets. Airbnb Inc. adjusted ROA improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Airbnb Inc., Profitability Ratios: Reported vs. Adjusted


Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) 2,648 4,792 1,893 (352) (4,585)
Revenue 11,102 9,917 8,399 5,992 3,378
Profitability Ratio
Net profit margin1 23.85% 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) 2,648 4,798 1,878 (356) (4,585)
Revenue 11,102 9,917 8,399 5,992 3,378
Profitability Ratio
Adjusted net profit margin2 23.85% 48.38% 22.36% -5.94% -135.71%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

1 Net profit margin = 100 × Net income (loss) ÷ Revenue
= 100 × 2,648 ÷ 11,102 = 23.85%

2 Adjusted net profit margin = 100 × Adjusted net income (loss) ÷ Revenue
= 100 × 2,648 ÷ 11,102 = 23.85%

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 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) 2,648 4,792 1,893 (352) (4,585)
Stockholders’ equity 8,412 8,165 5,560 4,776 2,902
Profitability Ratio
ROE1 31.48% 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) 2,648 4,798 1,878 (356) (4,585)
Stockholders’ equity 8,412 8,165 5,560 4,776 2,902
Profitability Ratio
Adjusted ROE2 31.48% 58.76% 33.78% -7.45% -158.00%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

1 ROE = 100 × Net income (loss) ÷ Stockholders’ equity
= 100 × 2,648 ÷ 8,412 = 31.48%

2 Adjusted ROE = 100 × Adjusted net income (loss) ÷ Stockholders’ equity
= 100 × 2,648 ÷ 8,412 = 31.48%

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 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
As Reported
Selected Financial Data (US$ in millions)
Net income (loss) 2,648 4,792 1,893 (352) (4,585)
Total assets 20,959 20,645 16,038 13,708 10,491
Profitability Ratio
ROA1 12.63% 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) 2,648 4,798 1,878 (356) (4,585)
Total assets 20,959 20,645 16,038 13,708 10,491
Profitability Ratio
Adjusted ROA2 12.63% 23.24% 11.71% -2.59% -43.70%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

2024 Calculations

1 ROA = 100 × Net income (loss) ÷ Total assets
= 100 × 2,648 ÷ 20,959 = 12.63%

2 Adjusted ROA = 100 × Adjusted net income (loss) ÷ Total assets
= 100 × 2,648 ÷ 20,959 = 12.63%

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 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level.