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Gear Up for Airbnb (ABNB) Q2 Earnings: Wall Street Estimates for Key Metrics
ZACKS· 2025-08-01 14:16
Core Viewpoint - Analysts expect Airbnb, Inc. to report quarterly earnings of $0.93 per share, reflecting an 8.1% year-over-year increase, with revenues projected at $3.03 billion, up 10.3% from the previous year [1]. Earnings Estimates - Over the last 30 days, there has been a 0.6% upward revision in the consensus EPS estimate for the quarter, indicating a collective reassessment by covering analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Key Metrics Projections - Analysts project that 'Gross Booking Value' will reach $22.69 billion, compared to $21.28 billion reported in the same quarter last year [5]. - 'Nights and Experiences Booked' is expected to total 130.76 million, up from 125.10 million in the same quarter last year [5]. - The 'Gross Booking Value per Night and Experience Booked (ADR)' is projected at $170.35, slightly above the $169.53 reported in the same quarter last year [6]. Stock Performance - Over the past month, Airbnb shares have recorded a return of -3%, while the Zacks S&P 500 composite has increased by 2.3% [6]. - Based on its Zacks Rank 3 (Hold), Airbnb is expected to perform in line with the overall market in the upcoming period [6].
Airbnb爱彼迎发布2025年第一季度财务业绩
Xin Lang Cai Jing· 2025-05-03 05:41
Core Insights - Airbnb reported a strong start to 2025, with total bookings nearing $25 billion in Q1, demonstrating the resilience and adaptability of its business model [1] - The company is preparing to expand beyond accommodations, with plans to unveil new initiatives at the upcoming summer product launch on May 13 [1] Financial Performance Overview - In Q1 2025, Airbnb's revenue reached $2.3 billion, a 6% increase from $2.1 billion in Q1 2024, primarily driven by robust growth in accommodation bookings, despite a slight decline in average daily rates (ADR) [3] - Net profit for Q1 2025 was $154 million, with a net profit margin of 7%, down from $264 million in the same period last year, attributed to increased employee stock compensation and impairment charges [3] - Adjusted EBITDA for Q1 2025 was $417 million, with an 18% profit margin, slightly down from $424 million in Q1 2024 due to calendar effects and increased R&D investments [3] - Free cash flow for Q1 2025 was $1.8 billion, with a 12-month free cash flow margin of 78%, reflecting a decrease from $1.9 billion in Q1 2024 [3] Operational Highlights - The mobile app strategy contributed significantly to growth, with bookings through the app increasing by 17% year-over-year, accounting for 58% of total bookings [2] - Emerging markets showed strong performance, with total night bookings in these regions growing at more than double the rate of Airbnb's core markets [2] - The number of active listings continued to grow healthily, with significant increases in Latin America and the Asia-Pacific regions [2] Shareholder Returns - In Q1 2025, the company repurchased $807 million of Class A common stock, contributing to a total repurchase of $3.5 billion over the past twelve months [4] - As of March 31, 2025, the company held $11.5 billion in cash and cash equivalents, along with $9.2 billion in customer deposits [4] - The company has authorization to repurchase up to an additional $2.5 billion of Class A common stock under its current buyback program [4]
Airbnb(ABNB) - 2025 Q1 - Earnings Call Transcript
2025-05-01 20:30
Financial Data and Key Metrics Changes - In Q1 2025, Airbnb reported nearly $25 billion in guest spending, indicating strong demand despite global uncertainties [5] - Revenue for the quarter was $2.3 billion, up 6% year over year, with an adjusted EBITDA of $417 million, representing an 18% margin [12][13] - Free cash flow for Q1 was $1.8 billion, with a 39% free cash flow margin over the past twelve months [14] Business Line Data and Key Metrics Changes - Nights and experiences booked reached 43 million, an 8% increase year over year [12] - Growth by region showed Latin America growing in the low twenties, Asia Pacific in the mid-teens, Europe in the mid-single digits, and North America in the low single digits [13] Market Data and Key Metrics Changes - The U.S. market has seen a decline in foreign travelers, with inbound travel from Canada significantly reduced, but domestic travel remains strong [30] - Latin America continues to be the fastest-growing region, with origin nights in Brazil growing 27% and first-time bookers increasing over 30% [21] Company Strategy and Development Direction - Airbnb is focused on long-term growth and preparing for a transformation beyond just accommodations, with significant upgrades to its core service [8][10] - The company plans to launch new offerings on May 13, 2025, which are expected to drive future revenue growth [11][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the current economic volatility but expressed confidence in Airbnb's adaptability and resilience, citing past recoveries from downturns [6][22] - The outlook for Q2 includes expected revenue growth of 9% to 11% year over year, with a focus on maintaining strong adjusted EBITDA margins [15][17] Other Important Information - Airbnb has repurchased $807 million of its common stock during the quarter, with $2.5 billion remaining on its repurchase authorization [14] - The company is investing $200 to $250 million to launch and scale new businesses in 2025, which will impact margins in the second half of the year [17][18] Q&A Session Summary Question: Travel corridor changes and market share impact in the U.S. - Management noted a decline in foreign travelers to the U.S., but emphasized that this segment is a small portion of overall business, with strong domestic market share maintained [30][31] Question: U.S. guest behavior and booking trends - Management observed higher income travelers remain stable, while short lead time bookings are growing, indicating a wait-and-see approach for longer-term bookings [36][37] Question: Strategies for reaccelerating unit growth - The focus is on perfecting core services, enhancing usability, affordability, and reliability, with significant potential for international growth [41][46] Question: Urban market strategies and margin guidance - Management sees hotels as a significant opportunity for Airbnb, with plans to expand hotel offerings and maintain margin guidance despite macro uncertainties [50][53] Question: Growth trends and expansion market performance - Growth in expansion markets, particularly Latin America, has been strong, with localized marketing and product strategies driving momentum [60][110] Question: Pricing flexibility and ADRs - Management indicated that hosts have more pricing flexibility compared to hotels, which can drive better room nights and align with customer affordability [95][100]