Consumer Discretionary

Airbnb forecast first-quarter revenue to grow between 12% and 14% year over year, reaching $2.03 billion to $2.07 billion, compared with the Capital IQ-polled consensus for $2.03 billion. It said the revenue outlook will benefit due to the timing of the Easter holiday, at the expense of year-over-year growth in the second quarter. Easter is on March 31. The growth rate of nights booked in the ongoing three-month period is seen moderating sequentially while the annual comparison will be impacted due to strong growth in the first quarter of 2023, the company said.

The following is a summary of the Airbnb, Inc. (ABNB) Q4 2023 Earnings Call Transcript: Financial Performance: Airbnb’s Q4 2023 reported a revenue of $2.2 billion, representing a growth of 70% year-over-year. The company reported an adjusted net income of $489 million, translating to an adjusted net income margin of 22%. Airbnb’s full-year free cash flow peaked at $3.8 billion. The company bought back $2.25 billion shares during 2023, with an additional share repurchase authorization of up to $6 billion approved. Business Progress: Airbnb’s host community grew to 5 million globally by Q4, with active listings exceeding 7.7 million by the end of 2023, a growth of 18% year-over-year. Aided by the acquisition of GamePlanner.AI, Airbnb is planning major initiatives in developing personalized AI interfaces for its platform. The company achieved strong supply growth with an addition of almost 1.2 million listings in 2023. There is a marked focus on

Shares of Airbnb Inc (NASDAQ:ABNB) tanked in early trading on Wednesday, after the company reported upbeat revenues for the fourth quarter. The results came amid an exciting earnings season. Here are some key analyst takeaways from the release. DA Davidson On Airbnb Analyst Tom White downgraded the rating from Buy to Neutral, while keeping the price target unchanged at $145. Airbnb reported “solid” fourth-quarter results, with “decent” upside to revenues and adjusted EBITDA, White said in a note. “Management’s outlook commentary for 1Q and CY’24 suggests that this year may reflect a more normalized room night growth environment for ABNB however, as well as the potential for some modest Y/Y EBITDA margin compression due to long-term growth investments in areas like deeper International market penetration, marketing, and AI/platform expansion,” the analyst added. Piper Sandler On Airbnb Analyst Thomas Champion reiterated a Neutral rating, while lifting the price target from $136 to $145.