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Airbnb (ABNB) Q4 FY2021 earnings: revenue $1.5 billion, up 78.3% on the year

Airbnb, Inc. (ABNB) reported revenue of $1.5 billion for Q4 FY2021, the quarter ended 31 December 2021, up 78.3% on the same quarter a year earlier. Net income was $55 million, and diluted earnings per share $0.27. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.

Revenue
$1.5 billion
+78.3% on the year · -31.5% on the quarter
Q1 FY2020Q4 FY2021
Operating margin
4.9%
-360.8% a year earlier
Q1 FY2020Q4 FY2021
Net income
$55 million
-93.5% on the quarter
Q1 FY2020Q4 FY2021
Diluted EPS
$0.27
-77.9% on the quarter
Q1 FY2020Q4 FY2021

this quarterthe same quarter a year earlierHover a bar for its figure.

Income statement (profit and loss)

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Revenue1,5322,237859-31.5%+78.3%
Cost of revenue295n/an/a
Gross profit1,237n/an/a
Gross margin80.7%n/an/a
Research and development368n/an/a
Operating income75.6852-3,100-91.1%
Operating margin4.9%38.1%-360.8%
Pre-tax income72.2n/an/a
Income tax17.7n/an/a
Effective tax rate24.5%n/an/a
Net income54.5834-3,888-93.5%
Net margin3.6%n/an/a
Diluted EPS$0.27$1.22-$12.64-77.9%
$ million except per share.
Read moreFourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Operating cash flow381n/an/a
Capital expenditure4.5n/an/a
Free cash flow376n/an/a
Free cash flow margin24.6%n/an/a
Cash from investing-329n/an/a
Cash from financing-146n/an/a
Share-based compensation226n/an/a
Diluted shares, weighted616m682m284m-9.7%+116.6%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ millionQ4 FY2021Q3 FY2021Q4 FY2020On the quarterOn the yearLast 8 quarters
Shareholders' equity4,7764,4492,902+7.3%+64.6%
Redeemable equity0.0n/an/a
Debt2,0001,9811,826+0.9%+9.6%
Operating lease liabilities372n/an/a
Other liabilities6,560n/an/a
Total liabilities and equity13,708n/an/a
Fixed assets157n/an/a
Goodwill653n/an/a
Intangible assets52.3n/an/a
Investments2,255n/an/a
Cash and equivalents6,0675,9955,481+1.2%+10.7%
Other assets4,525n/an/a
Total assets13,708n/an/a

Questions

What was Airbnb's revenue in Q4 FY2021?

Airbnb (ABNB) reported revenue of $1.5 billion for Q4 FY2021, the quarter ended 31 December 2021, up 78.3% on the same quarter a year earlier.

How much did Airbnb earn in Q4 FY2021?

Net income for Q4 FY2021 was $55 million, and diluted earnings per share $0.27.

When did Airbnb report Q4 FY2021 results?

Airbnb filed its 10-K for the year that ended with the quarter on 25 February 2022; the fourth quarter is the year less the first three.

Quarterly results, the last 20 quarters

Q4 FY2021 *Q1 FY2022 †Q2 FY2022 †Q3 FY2022 †Q4 FY2022 * †Q1 FY2023 †Q2 FY2023Q3 FY2023Q4 FY2023 * †Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026Q3 FY2026
Revenue1,5321,5092,1042,8841,9021,8182,4843,3972,2182,1422,7483,7322,4802,2723,0964,0952,7782,6783,6084,869
Cost of revenue295363390401345428432459384480506465427506544549487581633651
Gross profit1,2371,1461,7142,4831,5561,3902,0522,9381,8341,6622,2423,2672,0531,7662,5523,5462,2912,0972,9754,218
Gross margin81%76%81%86%82%76%83%86%83%78%82%88%83%78%82%87%82%78%82%87%
R&D368363375366398420451419432475519524538568610587589638672664
Operating income75.6-5.03691,203235-5.05231,496-4961014971,52543038.06121,62526986.07582,021
Operating margin5%-0%18%42%12%-0%21%44%-22%5%18%41%17%2%20%40%10%3%21%42%
Interest expensen/an/an/an/an/an/an/an/an/an/an/an/an/an/an/a6.0n/an/an/a45.0
Pre-tax income72.2-8.03831,2703441306761,679-3832936811,7356221737791,7923932818972,173
Tax rate25%n/a1%4%7%10%4%-161%n/a10%19%21%26%11%18%23%13%43%9%13%
Net income54.5-19.03791,2143191176504,374-3492645551,3684611546421,3743411608161,890
Net margin4%-1%18%42%17%6%26%129%-16%12%20%37%19%7%21%34%12%6%23%39%
Diluted EPS$0.27-$0.03$0.56$1.79$0.47$0.18$0.98$6.63-$0.55$0.41$0.86$2.13$0.71$0.24$1.03$2.21$0.55$0.26$1.37$3.16
Operating cash flow3811,2028009664631,5879091,32563.01,9231,0511,0784661,7899751,3565261,7081,2701,508
Capital expenditure4.56.05.05.68.46.09.015.0n/an/an/an/an/an/an/an/an/an/an/an/a
Free cash flow3761,1967959604541,5819001,310n/an/an/an/an/an/an/an/an/an/an/an/a
Buybacksn/a0.00.01,0005004935075007527507491,0938388071,0108771,0951,0881,051712
Shares outstandingn/an/an/an/an/an/an/an/an/an/an/an/a631m626m621m616m609m603m599m597m
Filing10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-K for the period ended 31 December 2021, filed 25 February 2022: the filing.