Airbnb Inc (ABNB)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 2,102,000 | 1,989,000 | -300,000 |
| Revenue | US$ in thousands | 9,917,000 | 8,337,000 | 5,577,050 |
| Pretax margin | 21.20% | 23.86% | -5.38% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $2,102,000K ÷ $9,917,000K
= 21.20%
Airbnb Inc's pretax margin has exhibited fluctuations over the past five years. In 2023, the pretax margin improved to 21.20%, showing a decreased profitability compared to the previous year (23.68% in 2022). However, it is important to note that in 2021, the company experienced a negative pretax margin of -5.01%, indicating a period of financial distress. This negative trend was even more pronounced in 2020 and 2019, with pretax margins of -138.59% and -8.57%, respectively. Overall, despite the recent improvement in 2023, Airbnb Inc has shown volatility in its pretax margin performance in the past few years, suggesting the need for careful monitoring and strategic decision-making to sustain profitability.
Peer comparison
Dec 31, 2023