On May 9th, Airbnb Airbnb released its first quarter financial report for 2024. During the reporting period, Airbnb achieved a revenue of 2.1 billion US dollars, a year-on-year increase of 18%; The net profit was $264 million, a year-on-year increase of 126%, making it the most profitable first quarter in Airbnb's history. At the same time, the pre order volume of accommodation and experience on the Airbnb platform has exceeded 133 million.
The financial report shows that in the first quarter of 2024, Airbnb's supply side growth continued to be strong, with active listings and experiences increasing by 15% compared to the same period in 2023. While the supply continues to grow, Airbnb also maintains its requirements for housing quality. Airbnb has proactively removed thousands of properties from the platform that did not meet the quality expectations of tenants. After removing these listings, the total number of active listings on the Airbnb platform (excluding experiences) still increased by 17% year-on-year, while achieving double-digit sustainable growth momentum in all regions.