Airbnb(ABNB)
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Airbnb(ABNB) - 2023 Q4 - Annual Report
2024-02-15 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________ FORM 10-K ______________ (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File Number: 001-39778 ______________ Airbnb, Inc. (Exact Name of Registrant as Specified in Its Charter) __ ...
Airbnb (ABNB) Q4 Earnings & Revenues Beat, Increase Y/Y
Zacks Investment Research· 2024-02-14 18:16
Airbnb (ABNB) reported adjusted earnings of 76 cents per share for fourth-quarter 2023, which beat the Zacks Consensus Estimate by 13.4%. The figure increased 58.4% year over year.Revenues of $2.22 billion increased 17% on a reported basis and 14% on an FX-neutral basis, respectively, year over year. The top line also surpassed the Zacks Consensus Estimate of $2.16 billion.The year-over-year increase was driven by a continuous improvement in Nights and Experiences Booked.Growing gross nights booked, owing t ...
Here's Why Airbnb, Inc. (ABNB) is a Great Momentum Stock to Buy
Zacks Investment Research· 2024-02-14 18:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.While many investors like to look for moment ...
Options Traders Buy Airbnb Stock's Post-Earnings Dip
Schaeffers Research· 2024-02-14 15:53
Airbnb Inc (NASDAQ:ABNB) stock is brushing off a fourth-quarter top-and bottom-line beat and better-than-expected fiscal first-quarter forecast, down 4.4% to trade at $144.25 at last check. The company noted strong demand for international travel, as well as longer bookings.No fewer than nine brokerages raised their price targets, including Susquehanna to $180 from $160. Meanwhile, D.A. Davidson downgraded the security to "neutral" from "buy," as Deutsche Bank and UBS cut their price objectives to $135 and ...
Airbnb(ABNB) - 2023 Q4 - Earnings Call Transcript
2024-02-14 02:13
Airbnb, Inc. (NASDAQ:ABNB) Q4 2023 Earnings Conference Call February 13, 2024 4:30 PM ET Company Participants Angela Yang - Director, Investor Relations Brian Chesky - Co-Founder & Chief Executive Officer David Stephenson - Chief Financial Officer Ellie Mertz - Vice President, Finance & Investor Relations Conference Call Participants Ron Josey - Citi Eric Sheridan - Goldman Sachs Justin Patterson - KeyBanc Brian Nowak - Morgan Stanley Doug Anmuth - JPMorgan Justin Post - Bank of America Kevin Kopelman - TD ...
Airbnb Sees 55% of Gross Nights Booked Through Its App
PYMNTS· 2024-02-14 00:24
The great travel snapback continues, through digital channels, matching supply and demand for places to stay when getting away from it all.Airbnb noted in its results that the fourth quarter saw 98.8 million nights and experiences booked, up 12% from a year ago. As many as 55% of the company’s gross nights were booked through the app, up from 50% last year.Average daily rates increased by 3% to $157 in the December quarter as measured from a year ago. At year end there were 7.7 million active listings, up 1 ...
Compared to Estimates, Airbnb, Inc. (ABNB) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-13 23:31
Airbnb, Inc. (ABNB) reported $2.22 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 16.6%. EPS of $0.76 for the same period compares to $0.48 a year ago.The reported revenue represents a surprise of +2.57% over the Zacks Consensus Estimate of $2.16 billion. With the consensus EPS estimate being $0.67, the EPS surprise was +13.43%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...
Airbnb, Inc. (ABNB) Tops Q4 Earnings and Revenue Estimates
Zacks Investment Research· 2024-02-13 23:21
Airbnb, Inc. (ABNB) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.43%. A quarter ago, it was expected that this company would post earnings of $2.08 per share when it actually produced earnings of $2.39, delivering a surprise of 14.90%.Over the last four quarters, the company has ...
Airbnb plans to use AI, including its GamePlanner acquisition, to create the ‘ultimate concierge'
TechCrunch· 2024-02-13 22:17
In November, Airbnb acquired a stealth AI firm launched by Siri’s co-founder, called GamePlanner.AI. The deal valued the secretive startup at around $200 million, according to reports. Though the hosting company didn’t telegraph its plans for GamePlanner at the time, Airbnb co-founder and CEO Brian Chesky today shared a high-level overview of Airbnb’s larger plans for AI, saying that it planned to accel at the “application layer” of AI, building one of the “most innovative AI interfaces ever created.”Hyperb ...
Airbnb is making progress to get rid of those hated cleaning fees
TechCrunch· 2024-02-13 21:50
Airbnb is slowly killing the cleaning fee as it aims for more transparent pricing.Since early last year, when the company started showing guests all-inclusive pricing when booking a property, almost 300,000 listings have removed or lowered cleaning fees, Airbnb said in its earnings report today. Now, nearly 40% of active listings no longer charge cleaning fees.On the customer side, these cleaning fees had been a longtime frustration. You could spot a bargain on a vacation rental on Airbnb, only to navigate ...