Airbnb (ABNB) Q4 Earnings & Revenues Beat, Increase Y/Y

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 ...