Ion Jauregui – Analyst at ActivTrades
Airbnb Inc. (NASDAQ: ABNB) recently released its quarterly results, significantly exceeding market expectations and reaffirming its position as a leader in the tourism sector, which continues to recover following the impacts of the pandemic.
Fundamental Analysis
During the last quarter, Airbnb reported revenues of 3.1 billion USD and earnings per share (EPS) of 1.03 USD, above the analyst consensus of 0.93 USD. This performance demonstrates the company’s ability to generate growth in a competitive market.
The company also announced a 6 billion USD share repurchase program, reinforcing management’s confidence in Airbnb’s financial strength and valuation potential.
For the third quarter, Airbnb projects revenues between 4.02 and 4.10 billion USD, again exceeding market expectations. This growth is mainly driven by the U.S. market, where the number of booked nights increases month over month and average daily rates rose by 3%.
Gross Booking Value (GBV) reached 23.5 billion USD, representing an 11% year-over-year increase, consolidating its leadership in the lodging segment.
Airbnb’s strong performance reflects the broader recovery in the tourism sector. Hotels such as Marriott (NASDAQ: MAR) and Wyndham Hotels (NYSE: WH) also show positive signs, while United Airlines (NASDAQ: UAL) reports a rebound in air travel demand, confirming increased consumer appetite for premium travel services.
Technical Analysis
From a technical perspective, Airbnb has shown sustained bullish behavior following the earnings release on Wednesday, August 6, surpassing previous resistance levels. Trading volume increased, indicating strong buying interest.
However, intraday candles were red rather than green as might be expected. Prices corrected from 123.39 USD per share down to 120.23 USD yesterday due to position liquidations.
Yesterday we observed the beginning of a “death cross” as the 50-day moving average crossed below the 100-day moving average. Although the 50-day moving average remains above the 200-day, caution is advised: the RSI is in strong oversold territory at 27.63%, and the MACD signals a bearish crossover accompanied by increasing bearish volume.
Conversely, the Point of Control (POC) sits well above the mid-range consolidation zone around 137 USD, suggesting the potential for a strong upward correction in the coming weeks. If this does not happen, the bearish moving average crossover could lead to a more significant downtrend, with a key support level at 126 USD for the week.
In conclusion, while technical indicators signal some short-term caution, the fundamental strength and market optimism for Airbnb support a continuation of its upward trajectory over the medium term.
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The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance and forecasting are not a synonym of a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Political risk is unpredictable. Central bank actions can vary. Platform tools do not guarantee success.
Airbnb Inc. (NASDAQ: ABNB) recently released its quarterly results, significantly exceeding market expectations and reaffirming its position as a leader in the tourism sector, which continues to recover following the impacts of the pandemic.
Fundamental Analysis
During the last quarter, Airbnb reported revenues of 3.1 billion USD and earnings per share (EPS) of 1.03 USD, above the analyst consensus of 0.93 USD. This performance demonstrates the company’s ability to generate growth in a competitive market.
The company also announced a 6 billion USD share repurchase program, reinforcing management’s confidence in Airbnb’s financial strength and valuation potential.
For the third quarter, Airbnb projects revenues between 4.02 and 4.10 billion USD, again exceeding market expectations. This growth is mainly driven by the U.S. market, where the number of booked nights increases month over month and average daily rates rose by 3%.
Gross Booking Value (GBV) reached 23.5 billion USD, representing an 11% year-over-year increase, consolidating its leadership in the lodging segment.
Airbnb’s strong performance reflects the broader recovery in the tourism sector. Hotels such as Marriott (NASDAQ: MAR) and Wyndham Hotels (NYSE: WH) also show positive signs, while United Airlines (NASDAQ: UAL) reports a rebound in air travel demand, confirming increased consumer appetite for premium travel services.
Technical Analysis
From a technical perspective, Airbnb has shown sustained bullish behavior following the earnings release on Wednesday, August 6, surpassing previous resistance levels. Trading volume increased, indicating strong buying interest.
However, intraday candles were red rather than green as might be expected. Prices corrected from 123.39 USD per share down to 120.23 USD yesterday due to position liquidations.
Yesterday we observed the beginning of a “death cross” as the 50-day moving average crossed below the 100-day moving average. Although the 50-day moving average remains above the 200-day, caution is advised: the RSI is in strong oversold territory at 27.63%, and the MACD signals a bearish crossover accompanied by increasing bearish volume.
Conversely, the Point of Control (POC) sits well above the mid-range consolidation zone around 137 USD, suggesting the potential for a strong upward correction in the coming weeks. If this does not happen, the bearish moving average crossover could lead to a more significant downtrend, with a key support level at 126 USD for the week.
In conclusion, while technical indicators signal some short-term caution, the fundamental strength and market optimism for Airbnb support a continuation of its upward trajectory over the medium term.
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance and forecasting are not a synonym of a reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acting on the information provided does so at their own risk. Political risk is unpredictable. Central bank actions can vary. Platform tools do not guarantee success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.