Airbnb Inc (NASDAQ:ABNB) stock is 9.2% lower at $134.80 at last glance following a mixed third-quarter earnings report. The online vacation home rental company reported earnings per share of $2.13 that missed expectations by one cent, and slightly better-than-expected revenue of $3.73 billion. Profits were pressured by the company's spending efforts to break into international markets.Pacing for its worst daily percentage loss since May 2023, ABNB is on track to snap a five-day winning streak and is erasing ...

More than 15 years of professional investment experience in global equities across all sectors. My investment style is fundamental, bottom-up, long-term, and quality growth-oriented. I am seeking companies specializing in niche markets, with strong growth potential, a solid management team, a sound capital allocation policy, and, most importantly, reasonable valuation. I do not chase quarterly results, nor do I follow the herd mentality. I do not use short-term stock performance as the measure of a company' ...

Financial Data and Key Metrics Changes - Revenue grew 10% year-over-year to $3.7 billion [7] - Net income was $1.4 billion, representing a net income margin of about 37% [7] - Free cash flow generated was $1.1 billion, with a total trailing 12-month free cash flow of $4.1 billion [7] - The company repurchased $1.1 billion of its shares in the quarter, with $4.2 billion remaining on its repurchase authorization [8] Business Line Data and Key Metrics Changes - Nights and experiences booked totaled 123 million, with bookings returning to double-digit growth by the end of Q3 [6][25] - Nights booked on the app increased 18% year-over-year, accounting for 58% of total nights booked, up from 53% in the same period last year [16] - The growth rate of nights booked in expansion markets more than doubled that of core markets [14] Market Data and Key Metrics Changes - Guest demand accelerated throughout Q3, with normalized global lead times [15] - Specific growth was noted in underpenetrated markets, with Brazil's destination nights tripling compared to pre-pandemic levels [53] - Japan is identified as a significant market for future growth, with ongoing brand campaigns to raise awareness [18][53] Company Strategy and Development Direction - The company is focused on three strategic initiatives: making hosting mainstream, prospecting core services, and expanding beyond core markets [8] - The introduction of co-host networks aims to make hosting easier and attract more hosts [10][22] - The company plans to launch 1 to 2 new businesses annually that will generate $1 billion or more in revenue [51] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the growth potential, emphasizing the importance of quality and reliability in driving bookings [69] - The company anticipates that nights booked will accelerate in Q4 relative to Q3, despite tougher year-over-year comparisons [25] - Management highlighted the need for continued investment in growth initiatives, particularly in global markets and new products [41][42] Other Important Information - The company has removed over 300,000 listings that did not meet quality standards, leading to improved customer service metrics [20][71] - The introduction of AI-powered customer service is underway, with plans for phased implementation [72][75] Q&A Session Summary Question: Supply growth and co-hosting impact - Management noted that supply growth continues to exceed demand, with a focus on quality over quantity [30] - Co-hosting initiatives are expected to unlock additional supply, particularly from everyday people [32] Question: Geographic performance and co-hosting materiality - Acceleration in bookings was noted across all major regions, particularly in EMEA post-Olympics [35] - Co-hosting has shown promising results in pilot markets, but scaling will take time [36] Question: Q4 EBITDA margin guidance - The guidance implies margin compression due to increased investment in product development and marketing [38] Question: Attracting the next billion guests - Management emphasized the importance of quality, affordability, and usability in attracting new guests [46] Question: Expansion markets and growth contribution - Core markets represent about 75% of gross booking value, with significant opportunities in emerging markets like Brazil and Japan [53] Question: Long-term growth algorithm - The company aims to optimize its core offering while expanding into new markets, with a focus on reducing barriers to booking [57][58] Question: New services and revenue growth - New services are expected to generate incremental revenue, but significant scaling will take time [80] Question: Experiences and engagement - Experiences are anticipated to increase overall engagement and frequency of usage, appealing to local customers as well [100]

Airbnb (NASDAQ: ABNB ) stock is experiencing volatility after the close Thursday following third quarter earnings. The company continues to see increases in bookings and to generate robust cash flow without investing much capital, a winning combo from an investmentTo follow me click the "Follow" button! (Easy right?) Hi there, thanks for coming to my profile page! My name is Kumquat Research (but you can call me Jeremy) and I've been writing for Seeking Alpha on and off for going on ten years now, beginning ...

Airbnb reported earnings after the market closed on Thursday. CEO Brian Chesky pointed to multiple growth areas for the company. He also teased a move beyond short-term rentals that Airbnb will make public in 2025. Insider Today NSIDER TODA Sign up to get the inside scoop on today's biggest stories in markets, tech, and business — delivered daily. Read preview Bull Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personalized feed while you're on th ...

Airbnb, Inc. (ABNB) reported $3.73 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 9.9%. EPS of $2.13 for the same period compares to $2.39 a year ago.The reported revenue represents a surprise of +0.26% over the Zacks Consensus Estimate of $3.72 billion. With the consensus EPS estimate being $2.17, the EPS surprise was -1.84%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determi ...

Airbnb, Inc. (ABNB) came out with quarterly earnings of $2.13 per share, missing the Zacks Consensus Estimate of $2.17 per share. This compares to earnings of $2.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1.84%. A quarter ago, it was expected that this company would post earnings of $0.92 per share when it actually produced earnings of $0.86, delivering a surprise of -6.52%.Over the last four quarters, the company has ...

Airbnb (ABNB) reported third-quarter revenue that beat expectations, but profits fell short.  The vacation rental marketplace saw revenue grow 10% year-over-year to $3.73 billion, ahead of the analyst consensus from Visible Alpha. However, its net income came in at $1.37 billion or $2.13 per share, down from $4.37 billion or $6.63 per share a year earlier and missing expectations.  Nights and Bookings Growth Slows The company’s Nights and Experiences Booked came in at 122.8 million, up 8% from a year ag ...

Table of Contents Non-accelerated filer ☐ Smaller reporting company ☐ UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 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 N ...

Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024.Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. The stock jumped about 8% in after-hours trading.Here's how the company did:Earnings per share: $2.13 vs. $2.14 expected by LSEGRevenue: $3.73 billion vs. $3.72 billion expected by LSEGRevenue increased 10% from $3.4 billion a ye ...