Cross-border, urban, and long-term stays also showed outstanding growth. Nights and experiences booked increased 20% year over year in Q4. The strong financial performance was bolstered by some key trends highlighted by the management team. For all of 2022, Airbnb produced $3.4 billion of FCF for an insane margin of 41%. The business is also generating tons of cash, to the tune of $455 million of free cash flow (FCF) in Q4. According to generally accepted accounting principles (GAAP), Airbnb registered net income during the 12 months of $1.9 billion. 2022 was the first time that Airbnb was profitable for an entire fiscal year. The full-year numbers were fantastic, too. Therefore, it's not a surprise that the stock popped immediately following the announcement. And both of these figures exceeded what Wall Street was looking for. Its 2022 fourth-quarter revenue of $1.9 billion and diluted earnings per share (EPS) of $0.48 were up 24% and 500%, respectively, on a year-over-year basis. After being thumped by the coronavirus pandemic in 2020, Airbnb looks to be firing on all cylinders right now.
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