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Airbnb beats analysts' estimatesAirbnb delivered its quarterly results for the first quarter of 2024, surpassing analysts' estimates on the top and bottom lines. The company reported revenue growth of 18% YoY, bringing the figure to $2.1 billion. The net income was $264 million, up 126% YoY, and operating income amounted to $1.9 billion, recording an increase of 18% YoY. Per the investor letter, the company conducted share buybacks worth $750 million in the first quarter of the current year and registered 132.6 million bookings, marking an increase of 9.5% YoY. Net revenue = $2.1 billion (18% YoY) vs. $1.8 billion in 1Q23 Net income = $264 million (126% YoY) vs. $117 million in 1Q23 Operating income = $1.9 billion (18% YoY) vs. $1.6 billion in 1Q23 Earnings per share = $0.41 (127% YoY) vs. $0.18 in 1Q23 Additional information Active listings rose by 15% in the first quarter of 2024. Long-term stays of 28 days or more accounted for 17% of gross nights booked, down about 1% compared to the first quarter of 2023. Gross nights booked in non-urban areas grew by 10% YoY. Forward guidance Airbnb expects its revenue to increase by approximately 10% in the second quarter of 2024, bringing it to $2.68 billion. Further, the company anticipates stable growth in bookings and adjusted EBITDA to be flat to up on a nominal basis but down on an adjusted EBITDA margin basis when compared to the second quarter of 2023. In addition to that, Airbnb expects its full-year 2024 stock-based compensation expense to be approximately 20% higher than in the full year 2023. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor or any other entity. Therefore, your own due diligence is highly advised before entering a trade.
NASDAQ:ABNB
by Tradersweekly
Travala AVABTC my LT HODLThis is one of my favorite long HODL coins, I bought it and been accumulating as the blue line indicates. There’s a clear easy 50% exit green line (that I will not execute but sharing for reference) for he only sees short term gains. I am aiming much higher for a longer term as per the higher target. My confidence in AVA is due to fundamentals reasons related to traveling… once the pandemic eases down this summer, I expect it to pump so high. If I could swing trade, I’d have bought and sold this coin several times… unfortunately I can’t swing. Tell me what do you think? Do you swing? HODL for LT?
Long
by eBlockChain