Airbnb

Airbnb (ABNB) reported late Tuesday that its Q4 swung to a loss of $0.55 per diluted share from earnings of $0.48 a year ago. Analysts surveyed by Capital IQ expected EPS of $0.55. Revenue for the quarter ended Dec. 31 was $2.22 billion, up from $1.90 billion a year earlier. Analysts surveyed by Capital IQ expected $2.16 billion. The company said it expects Q1 revenue of $2.03 billion to $2.07 billion. Analysts surveyed by Capital IQ expect $2.03 billion. Airbnb’s board approved an up to $6 billion share repurchase program.

Airbnb’s (ABNB) fourth-quarter revenue surpassed Wall Street’s estimates on the back of strong travel demand, while the vacation rental company said late Tuesday it expects its top line in the first quarter to benefit from the timing of Easter. Revenue increased 17% year over year to $2.22 billion during the three months ended Dec. 31, above the Capital IQ-polled consensus for $2.16 billion. Nights and experiences booked grew 12% to 98.8 million, exceeding the view on Visible Alpha indicating 98.1 million. “Following the volatility that impacted our business in October, we saw an acceleration of nights booked growth throughout the rest of the quarter,” the company said in a shareholder letter. Gross booking value, which includes host earnings, service fees, cleaning fees, and taxes, jumped 15% annually to $15.5 billion. The company swung to a per-share loss of $0.55 in the fourth quarter from earnings of $0.48 per share a

Airbnb forecast first-quarter revenue to grow between 12% and 14% year over year, reaching $2.03 billion to $2.07 billion, compared with the Capital IQ-polled consensus for $2.03 billion. It said the revenue outlook will benefit due to the timing of the Easter holiday, at the expense of year-over-year growth in the second quarter. Easter is on March 31. The growth rate of nights booked in the ongoing three-month period is seen moderating sequentially while the annual comparison will be impacted due to strong growth in the first quarter of 2023, the company said.

The following is a summary of the Airbnb, Inc. (ABNB) Q4 2023 Earnings Call Transcript: Financial Performance: Airbnb’s Q4 2023 reported a revenue of $2.2 billion, representing a growth of 70% year-over-year. The company reported an adjusted net income of $489 million, translating to an adjusted net income margin of 22%. Airbnb’s full-year free cash flow peaked at $3.8 billion. The company bought back $2.25 billion shares during 2023, with an additional share repurchase authorization of up to $6 billion approved. Business Progress: Airbnb’s host community grew to 5 million globally by Q4, with active listings exceeding 7.7 million by the end of 2023, a growth of 18% year-over-year. Aided by the acquisition of GamePlanner.AI, Airbnb is planning major initiatives in developing personalized AI interfaces for its platform. The company achieved strong supply growth with an addition of almost 1.2 million listings in 2023. There is a marked focus on

Shares of Airbnb Inc (NASDAQ:ABNB) tanked in early trading on Wednesday, after the company reported upbeat revenues for the fourth quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. DA Davidson On Airbnb Analyst Tom White downgraded the rating from Buy to Neutral, while keeping the price target unchanged at $145. Airbnb reported “solid” fourth-quarter results, with “decent” upside to revenues and adjusted EBITDA, White said in a note. “Management’s outlook commentary for 1Q and CY’24 suggests that this year may reflect a more normalized room night growth environment for ABNB however, as well as the potential for some modest Y/Y EBITDA margin compression due to long-term growth investments in areas like deeper International market penetration, marketing, and AI/platform expansion,” the analyst added. Piper Sandler On Airbnb Analyst Thomas Champion reiterated a Neutral rating, while lifting the price target from $136 to $145.

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/14/2024 11.23% Needham $150 → $160 Maintains Buy 02/06/2024 2.88% UBS $125 → $148 Maintains Neutral 02/05/2024 2.88% UBS $125 → $148 Maintains Neutral 01/30/2024 4.28% Wedbush $135 → $150 Maintains Neutral 01/29/2024 -23.53% Barclays $100 → $110 Maintains Underweight 01/22/2024 4.28% Needham → $150 Reiterates Buy → Buy 01/17/2024 4.28% Mizuho $130 → $150 Maintains Neutral 01/09/2024 -6.85% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -30.48% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 -2.68% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -5.46% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 11.23% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -17.97% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -14.49% Piper Sandler $142 → $123

Airbnb (NASDAQ:ABNB) reported quarterly earnings of $0.76 per share which beat the analyst consensus estimate of $0.64 by 18.75 percent. This is a 58.33 percent increase over earnings of $0.48 per share from the same period last year. The company reported quarterly sales of $2.22 billion which beat the analyst consensus estimate of $2.16 billion by 2.69 percent. This is a 16.61 percent increase over sales of $1.90 billion the same period last year.

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target price at $168, on an above-peer P/E of 31.3x our 2025 view, reflecting strong guest demand. We keep our 2024 EPS view at $4.61 and lift 2025’s to $5.36 from $5.12. Airbnb, Inc (NASDAQ:ABNB) posted Q4 adj. EBITDA of $738M vs. $506M, beating the $646M consensus. Sales rose 17% and GBV grew 15%, driven by solid growth in Nights/Experiences (+12% to 99M), higher ADRs (+3%), and favorable FX. We remain encouraged by strong supply growth (+18% ex-China), higher take rates, and positive EBITDA margins (33%, +6%-pts). International expansion remains a massive opportunity, with ABNB gaining traction in markets like Korea/Germany/Brazil and now adding Switzerland/Belgium/Netherlands, with much of Asia/Europe underpenetrated. Global travel demand is strong, with Airbnb taking share despite potential 2024 headwinds

Airbnb’s (ABNB) Q4 was “strong” as gross bookings exceeded consensus by more than 2%, Wedbush Securities said in a note Wednesday. Following the results, the firm increased its Q1 gross booking value estimate to $22.56 billion from $22.10 billion, taking into account “slightly slower nights growth” and higher average daily rate growth. Wedbush raised its Q1 net revenue forecast to $2.05 billion from $1.97 billion, considering the increased bookings estimate and timing differences in the period. “Airbnb’s underlying growth opportunity remains attractive,” the firm said. Wedbush maintained the neutral rating on Airbnb stock and raised the price target to $160 from $150.

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 02/05/2024 2.46% UBS $125 → $148 Maintains Neutral 01/30/2024 3.85% Wedbush $135 → $150 Maintains Neutral 01/29/2024 -23.84% Barclays $100 → $110 Maintains Underweight 01/22/2024 3.85% Needham → $150 Reiterates Buy → Buy 01/17/2024 3.85% Mizuho $130 → $150 Maintains Neutral 01/09/2024 -7.23% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -30.77% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 -3.07% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -5.84% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 10.77% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -18.31% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -14.84% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -27.31% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 -6.54% Wedbush $145 →

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/30/2024 -0.1% Wedbush $135 → $150 Maintains Neutral 01/29/2024 -26.74% Barclays $100 → $110 Maintains Underweight 01/22/2024 -0.1% Needham → $150 Reiterates Buy → Buy 01/17/2024 -0.1% Mizuho $130 → $150 Maintains Neutral 01/09/2024 -10.76% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -33.4% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 -6.76% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -9.42% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 6.56% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -21.41% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -18.08% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -30.07% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 -10.09% Wedbush $145 → $135 Maintains Neutral 11/02/2023 -0.1% Needham $160 →

Airbnb (NASDAQ:ABNB) Stock Analyst Ratings Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 01/29/2024 -26.66% Barclays $100 → $110 Maintains Underweight 01/22/2024 0.01% Needham → $150 Reiterates Buy → Buy 01/17/2024 0.01% Mizuho $130 → $150 Maintains Neutral 01/09/2024 -10.66% BMO Capital → $134 Initiates Coverage On → Market Perform 12/12/2023 -33.33% Barclays $135 → $100 Downgrades Equal-Weight → Underweight 12/08/2023 — DBS Bank Downgrades Buy → Hold 11/29/2023 -6.66% Jefferies $155 → $140 Downgrades Buy → Hold 11/17/2023 -9.33% Evercore ISI Group → $136 Downgrades Outperform → In-Line 11/03/2023 6.67% Susquehanna $165 → $160 Maintains Positive 11/02/2023 -21.33% JP Morgan $130 → $118 Maintains Neutral 11/02/2023 -17.99% Piper Sandler $142 → $123 Maintains Neutral 11/02/2023 -30% Morgan Stanley $110 → $105 Maintains Underweight 11/02/2023 -9.99% Wedbush $145 → $135 Maintains Neutral 11/02/2023 0.01% Needham $160 → $150 Maintains Buy 10/31/2023 -13.33% Mizuho $150 →