2024-02-13 16:11:42 ET
Airbnb Inc is (NASDAQ: ABNB) trading up in extended hours after reporting market-beating revenue for its fourth financial quarter.
This is a developing story. Figures below will be updated as received!
Why else is Airbnb stock up in after-hours?
The stock is being rewarded also on encouraging guidance for the future. Airbnb now forecasts its revenue to fall between $2.03 billion and $2.07 billion in its current fiscal quarter.
Analysts, in comparison, were at $2.03 billion. Brian Chesky – the chief executive of Airbnb said in a letter to shareholders today:
Airbnb is at an inflection point. To unlock more opportunities for growth, we’re investing in under-penetrated international markets, and we’re seeing great results.
In Q4, Airbnb bought Gameplanner.AI as Invezz reported here . Wall Street currently has a consensus “hold” rating on .
Watch here: https://www.youtube.com/embed/dzI9jVrIZUY?feature=oembedNotable figures in Airbnb Q4 earnings release
Lost $349 million that translates to 55 cents per share
Had $319 million in net income last year (48 cents a share)
Adjusted earnings printed at $738 million as per the earnings report
Revenue jumped 17% year-over-year to $2.22 billion
Consensus was $645 million earnings on $2.17 billion revenue
is up close to 20% for the year at writing. CEO Chesky also said on Tuesday:
This is a developing story. Check back in a few minutes for more updates!
GROWTH: London airports are said to be cashing in on continued strong travel demand – with Stansted having seen nearly 2 Million customers in January, a 6.9% increase on 2023.
— Gully Foyle #UKTrade (@TerraOrBust) February 13, 2024
Luton meanwhile is expecting over 500k passengers over half term. #UKGoodNews https://t.co/CcgiloczMB
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