Airbnb reported better-than-expected fourth-quarter earnings after the bell.
The company’s earnings per share of $0.48 and revenue of $1.90 billion topped their $0.25 and $1.86 billion estimates. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $506 million also beat the $432 consensus estimate. 📈
Other relevant stats included:
- Gross booking value of $13.5 billion
- Nights and experiences booked of 88.2 million (+20% YoY)
- Average daily rates of $153 (-1% YoY)
- Active listings of 6.6 million (+16% YoY)
Driving the results was strong demand from consumers and cost-cutting efforts taken by management during the pandemic. Executives are encouraged by the market share gains in Latin America and continued recovery within Asia Pacific. Overall, they say both short and long-distance travelers are returning to major cities, which should be a major tailwind for the company’s results. ✈️
As a result of the company’s positive outlook, its first-quarter revenue forecast of $1.75 billion to $1.82 billion also came in higher than expected.
$ABNB shares were up roughly 9% after the bell, adding to their 4% regular session gains. 👍
