Airbnb

Airbnb doesn’t expect the boom in listings and bookings from the Paris Olympics to vanish overnight. Bookings in Paris during 1Q were five times higher than a year ago, and there were 40% more active listings in Paris during the quarter. CFO Ellie Mertz says on a call with analysts that with pre-Covid events, there was typically a boom in supply, a portion of which sticks around after the event is done. “It’s a nice little supply acquisition moment for us,” Mertz says. Active listings were up 15% from a year earlier in 1Q. Shares drop 8.1% in post-market trading.

The following is a summary of the Airbnb, Inc. (ABNB) Q1 2024 Earnings Call Transcript: Financial Performance: Airbnb reported Q1 2024 revenue of $2.1 billion, an increase of 18% YoY. Net income was $264 million, with a margin of 12%. Reported a record-breaking free cash flow of $1.9 billion for Q1 and $4.2 billion on a trailing 12-month basis, reflecting a free cash flow margin of 41%. The company repurchased $750 million of its own shares in the quarter. Business Progress: A record-breaking Q1 with 133 million nights and experiences booked. Progress made on strategic initiatives: mainstreaming hosts, improving core services, and expanding beyond the core. Active hosting list grew 17% YoY. Over 430 new features launched to enhance services. As part of expansion plans, Airbnb saw growth in nights booked in less mature markets. Launched Icons, received positively, increasing offerings beyond travel accommodations. Improvements in user experience anticipated another

Online vacation-rental platform Airbnb Inc. on Wednesday forecast second-quarter sales that were a bit below Wall Street’s expectations, largely due to Easter falling in March this year, but the company said big events abroad like the Summer Olympics in Paris and the Euro Cup would help sales over the summer. Second quarter outlook misses expectations, but heavier European travel expected this summer. Airbnb (ABNB) offered that outlook as travel demand continues to hold up under stubborn inflation. And the forecast came as the company tries to expand abroad, to make it easier for groups to book locations and to move deeper into celebrity-themed stays and events via a new segment called Icons. Still, shares slid 8.4% after hours on Wednesday. The stock is up 24% over the past 12 months. The company said it expected second-quarter revenue of $2.68 billion to $2.74 billion. The midpoint of that forecast was below

Wells Fargo analyst Ken Gawrelski maintains Airbnb (NASDAQ:ABNB) with a Underweight and raises the price target from $107 to $127.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lift our 12-month target to $188 from $168 on an above-peer P/E of 35x our 2025 EPS. We keep our 2024 EPS at $4.61 and 2025’s at $5.36. We have a positive outlook on ABNB due to its strong network effect advantage and widespread customer adoption. We see 12% revenue growth in 2024, driven by strong supply growth (+18% ex-China in Q4), higher take rates, and international expansion. We like ABNB’s positive EBITDA margins (33%, +6%-pts in Q4) and we believe persistent double-digit top-line growth can continue, driven by further penetration into markets like Asia (especially Korea), Germany, and Brazil, where adoption is early. We also expect ABNB to benefit from a resurgence in travel demand within China as Covid-19 restrictions ease, unlocking pent-up demand throughout

DA Davidson analyst Tom White reiterates Airbnb (NASDAQ:ABNB) with a Neutral and maintains $145 price target.

Truist Securities analyst Patrick Scholes maintains Airbnb (NASDAQ:ABNB) with a Hold and raises the price target from $118 to $131.

Airbnb (ABNB) is likely to meet or even beat Q4 estimates as travel data points to strong bookings in November and December and with marketing savings also providing support, BofA Securities said Monday in an earnings preview. With Q4 average daily rate now seen at $155, up from the previous estimate of $154, BofA expects bookings and revenue for the quarter at $15.4 billion and $2.18 billion, respectively, compared with street forecasts of $15.1 billion and $2.16 billion. The brokerage projects Q4 EBITDA at $651 million, compared with consensus of $645 million. For the current quarter, BofA forecasts bookings and revenue of $23.2 billion and $2.08 billion, respectively, compared with street estimates of $22.9 billion and $2.06 billion. BofA now expects full-year 2024 revenue and EBITDA at $11.4 billion and $4.2 billion, respectively, up from its previous forecasts of $11.1 billion and $4.06 billion. But despite Airbnb’s potential upside from

Airbnb said travel demand held up in its latest quarter despite warning of the potential impact from geopolitical conflicts. The company on Tuesday reported better-than-expected revenue in its fourth-quarter. Demand for its short-term rentals accelerated in recent months after experiencing volatility in October. San Francisco-based Airbnb warned in November that macroeconomic trends and geopolitical conflicts, such as the war in Gaza, may dent travel demand. The company said it expected growth in nights-booked to moderate. Still, growth in the period came in ahead of analysts’ estimates. Nights and experiences booked increased 12% to 98.8 million in Airbnb’s fourth quarter, surpassing the 98 million expected by Wall Street. Here’s how Airbnb did in the quarter: — Revenue increased 17% to $2.22 billion, surpassing the company’s guidance and the $2.17 billion forecast by analysts. — Gross bookings value was up 15% to $15.5 billion, ahead of Wall Street’s expectations. — Airbnb reported

Airbnb Q4 2023 Nights And Experiences Booked 98.8M, Up 12% YoY; Gross Bookings Value $15.5B, Up 15% YoY.

Airbnb Posts Q4 2023 Revenue of $2.2 Billion, Vs CIQ Analyst Consensus of $2.16 Billion.

DA Davidson analyst Tom White downgrades Airbnb (NASDAQ:ABNB) from Buy to Neutral and announces $145 price target.