Airbnb beat analysts' revenue expectations. From $421,000 to more than $19 million, here's what its executives made in 2020.
- Airbnb beat analyst revenue expectations with $859 million for the fourth quarter.
- In 2020, the home rental firm went public in an extremely successful IPO.
- Airbnb paid executives between $421,000 and more than $19 million.
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Airbnb beat analysts’ revenue expectations with $859 million for the fourth quarter. Analysts expected revenue of $740 million.
Airbnb went public in late 2020 in an extremely successful IPO that made the stakes of the founders worth more than $10 billion apiece at that time. The document that firms must file when they go public is called an S-1, which includes information about how executives were paid.
Let’s take a deeper look.
Airbnb executive compensation
Executives at Airbnb had an average total compensation of $7.2 million, ranging from $420,982 for CEO Brian Chesky to $19.2 million for CFO Dave Stephenson. For the two executives with the largest compensation, Stephenson and former COO Belinda Johnson, the majority of their compensation was provided in large stock awards — Stephenson received a stock award of more than $17 million and Johnson received stock and options totalling more than $12 million.
The chart below shows compensation for Airbnb’s executive officers listed in the S-1, split out by compensation element. Hold your cursor over the labels at the top to highlight the different parts of the executives’ compensation, and reference the bulleted list at the bottom of the page for more information on each compensation element.
What the terms in the table mean:
- Salary: The salary an executive earns in a given year.
- Stock awards: Equity awards based on achievement within a firm’s long-term incentive plan. Long-term incentives are also considered “at-risk” pay. Stock and option awards are two different types of equity awards — stocks are direct equity awards, while options give the executive the right to buy shares at a specific price.
- Bonus/NEIP: Typically cash grants for performance in the short term. Bonuses are typically one-off awards, while anything in the column titled “non-equity incentive plan” typically means the awards are granted as part of a firm’s short-term incentive plan and granted in cash (hence the “non-equity” label). Short-term incentives are thought of as part of “at-risk” pay, meaning that the executive must hit goals or benchmarks to receive the award.
- Other compensation: This number includes any value from the compensation data related to pension plans or non-qualified deferred-compensation earnings. It also includes any payments designated as “other compensation,” which can include payment for things like personal or home security, employees’ benefits plans, country-club fees, fees related to use of company aircraft, and even relocation expenses.
- Total compensation: All amounts summed.
Axel Springer, Insider Inc.’s parent company, is an investor in Airbnb.
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