Airbnb Inc., current enterprise value calculation

Current share price (P)	$131.44
No. shares of common stock outstanding	633,971,640
US$ in millions
Common equity (market value)¹	83,329)
Total equity	83,329)
Add: Current portion of long-term debt (per books)	—)
Add: Long-term debt, net of current portion (per books)	1,991)
Total equity and debt	85,320)
Less: Cash and cash equivalents	6,874)
Less: Short-term investments	3,197)
Enterprise value (EV)	75,249)

¹ Common equity (market value) = Share price × No. shares of common stock outstanding
= 131.44 × 633,971,640

Airbnb Inc., EV calculation

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Share price^1, 2	$152.51	$131.60	$155.09	$206.35
No. shares of common stock outstanding¹	647,064,669	640,528,494	642,872,940	608,434,746
US$ in millions
Common equity (market value)³	98,684)	84,294)	99,703)	125,551)
Total equity	98,684)	84,294)	99,703)	125,551)
Add: Current portion of long-term debt (book value)	—)	—)	—)	10)
Add: Long-term debt, net of current portion (book value)	1,991)	1,987)	1,983)	1,816)
Total equity and debt	100,675)	86,281)	101,686)	127,376)
Less: Cash and cash equivalents	6,874)	7,378)	6,067)	5,481)
Less: Short-term investments	3,197)	2,244)	2,255)	911)
Enterprise value (EV)	90,604)	76,659)	93,363)	120,985)

¹ Data adjusted for splits and stock dividends.

² Closing price as at the filing date of Airbnb Inc. Annual Report.

³ 2023 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 152.51 × 647,064,669

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Item	Description	The company
EV	Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments.	Airbnb Inc. EV decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.

Airbnb Inc. (NASDAQ:ABNB)

Enterprise Value (EV)