Airbnb: Growth Potential Despite Potential Overvaluation, Cautious Buy

Thomas BarwickInvestment Thesis Airbnb (NASDAQ:ABNB) reported a strong quarterly results for the first quarter of 2024, exceeding expectations on both revenue and earnings per share. Net income more than doubled to $264 million, driven by a rise in revenue, which was up 18% to $2.14 billion. Nights and experiences booked also grew 9.5% YoY to $132.6 million, indicating continued strength in travel demand.  Seeking AlphaDespite positive results, Airbnb forecast for the second quarter fell short of Wall S ...