Airbnb, Inc.: Expansion into New Markets As A Strategic Growth Enabler! 

Airbnb, Inc. reported its financial results for the third quarter of 2024, showcasing a mixture of positives and negatives. The company experienced continued growth in Nights and Experiences Booked, with bookings reaching 123 million, and saw a 10% increase in revenue year-over-year to $3.7 billion. Net income stood at $1.4 billion, translating to a notable 37% net income margin. Furthermore, Airbnb generated $1.1 billion in free cash flow, contributing to a total trailing 12-month free cash flow of $4.1 billion. These robust financial metrics supported a share repurchase of $1.1 billion, with $4.2 billion remaining in its repurchase authorization.