Airbnb ABNB Q4 2022 Earning Report Analysis

– Airbnb reported its fourth-quarter earnings on February 14, 2023, after the market closed²⁵.

– Airbnb beat the analysts’ expectations on both revenue and earnings per share (EPS)⁴⁷. The company reported revenue of $2.6 billion, up 18% year-over-year, and EPS of $0.30, up 76% year-over-year⁴⁷. The consensus estimates were $2.4 billion and $0.27, respectively⁷.

– Airbnb said guest demand and supply growth remained strong throughout 2022, despite the challenges posed by the COVID-19 pandemic and the Omicron variant⁴. The company had 6.6 million active listings, up 9% year-over-year, and 95.4 million nights and experiences booked, up 11% year-over-year⁴.

– Airbnb’s average daily rate (ADR) decreased by 1% year-over-year to $153 in the fourth quarter, due to currency headwinds and macro pressures⁴. However, the company’s gross booking value (GBV) increased by 10% year-over-year to $14.6 billion, driven by higher occupancy rates and longer stays⁴.

– Airbnb’s adjusted EBITDA margin improved to 23.4% in the fourth quarter, up from 18.9% in the same period last year, reflecting the company’s operational efficiency and cost discipline⁴. The company generated $1.1 billion in free cash flow in 2022, up from $0.4 billion in 2021⁴.

– Airbnb issued a positive outlook for 2023, expecting revenue growth to accelerate to the mid-20s percentage range, and adjusted EBITDA margin to expand to the mid-20s percentage range⁴. The company also announced a $2 billion share repurchase program, which will be executed over the next two years⁴.

– Airbnb’s stock price rose by 8.7% in the after-hours trading following the earnings release, as investors cheered the company’s strong performance and guidance⁸. ABNB shares have gained over 27% so far in 2023, outperforming the broader market and the travel industry³⁸.

Source: (1) Airbnb, Inc. Class A Common Stock (ABNB) – Nasdaq. .
(2) ABNB Earnings Date 2023 | Airbnb Earnings Forecast – MarketBeat. .
(3) Airbnb Reporting Q4 Today; Will Upbeat Results Drive ABNB Higher …. .
(4) Airbnb, Inc. Class A Common Stock (ABNB) – Nasdaq. .
(5) ABNB Earnings Date 2023 | Airbnb Earnings Forecast – MarketBeat. .
(6) Vacation Homes & Condo Rentals – Airbnb. .
(7) Airbnb (ABNB) earnings Q4 2022 – .
(8) Is a Surprise Coming for Airbnb (ABNB) This Earnings Season?. .