Increasing the number of nights booked on the ABNB platformIn the quarter, the number of nights and experiences booked increased by 20%. I believe the expansion of the take rate represents a potential growth lever that can be utilised at a later time. In Q4 2022, Airbnb reported net income of US$319 million, representing a net margin of 17%. As the table below illustrates, Airbnb is outpacing Expedia Group in revenue and GBV growth, despite having significantly higher profitability. Even in a challenging economic climate, ABNB has delivered impressive earnings that instill confidence in both their future growth potential and the skill of their leadership founders.
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