Airbnb Reports Record Q1 Revenue — But Q2 Looks ‘Tougher’


Airbnb Approved announced its results for the first quarter of 2023 on Monday and the company reported record sales and high bookings.

In the first quarter, Airbnb revenue rose 20% to $1.8 billion, with net income of $117 million — marking the company’s “highest first quarter ever,” the press release said.

Additionally, the company’s Nights and Experiences feature (where users can sign up for local-hosted activities) hit a new record with a 19% year-over-year increase and over 120 million bookings.

Related: Airbnb just made it a lot easier to rent out your apartment long-term

Airbnb said it saw a 36% increase in cross-border bookings, with a notable increase in the Asia-Pacific regions, where bookings grew 40% year over year.

according to a US Travel Association surveyAbout one in four Americans (23%) plan to travel for leisure in 2023, with half (about 52%) planning to travel somewhere in the next six months. Expedia, which owns Vrbo and, also saw this Record sales in the first quarter18% more than a year ago.

During the earnings announcement on the same day that the record-breaking sales results were announced, Airbnb CFO David Stephenson warned of the coming months.

“The second quarter is likely to be a bit tougher compared to last year’s Omicron, but overall we’re seeing solid demand for the back half,” Stephenson said Financial support.

As of Wednesday afternoon, Airbnb shares fell nearly 14% — the sharpest drop since December 2020 Bloomberg Data.

Related Topics: How to start an Airbnb business without owning any property

Last week, Airbnb announced over 50 new features, including the launch of Airbnb rooms, which offer additional privacy details in the home (regardless of whether a bathroom is shared or not, whether the room has a lock).

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