Revenue rose to $1.9 billion from $1.53 billion in the year-ago quarter. Net income for the quarter was $319 million, or 48 cents a share, compared with $55 million, or 8 cents a share, in the year-ago period. The average daily rate was $152.81, higher than the $151.40 analysts expected.

Nights and experiences booked were 88.2 million, the highest fourth-quarter total ever, with a rebound in Asia-Pacific leading the way, though analysts had expected 89.7 million. Read: Airbnb stock surges after analysts say online-travel demand is still strongĪirbnb reported fourth-quarter gross bookings of $13.5 billion, compared with analysts’ expectation of $13.6 billion. “All regions saw material growth in 2022 as guests increasingly crossed borders and returned to cities on Airbnb,” executives wrote to shareholders in a letter Tuesday.

Executives cited strong demand throughout the year and strong supply. The alternative-accommodations booking company reported record revenue and net income for the fourth quarter despite falling short of analysts’ expectations for gross bookings, as well as nights and experiences booked.

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