Why Airbnb Stock Jumped on Friday

Shares of travel booking platform Airbnb (NASDAQ: ABNB) jumped on Friday after the company reported financial results for the fourth quarter of 2024. As of 9:45 a.m. ET, Airbnb stock was up 13%.

In Q4, Airbnb's financial results beat expectations on the top and bottom lines. The company enjoyed a 12% jump in nights and experiences booked on its platform, with December capping off its best growth of the year. Average daily rates were up slightly as well. And this resulted in 12% year-over-year growth for revenue, which came in at $2.5 billion.

On the bottom line, Airbnb had a net income of $461 million, up dramatically from its net loss of $349 million in the prior-year period. Additionally, the company had a full-year operating income of nearly $2.6 billion, up 68% from 2023 and good for a fantastic margin of 23%.

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Source Fool.com