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Airbnb sets a new record and tops estimates for Q1

4 May 2022 By Klavs Valters

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Airbnb Inc. announced its first quarter earnings results after the closing bell on Wall Street on Tuesday, exceeding analyst estimates for the first three months of the year.

The company reported revenue of $1.509 billion vs. $1.452 billion expected. Total revenue represents an increase of 80% from Q1 2019 and 70% from Q1 2020.

Loss per share reported at -$0.03 per share vs. -$0.25 loss per share expected.

Airbnb reported a total of 102.1 million nights and experiences booked in Q1 – going above 100 million for the first time ever.

”Two years since the pandemic began, a new world of travel has emerged. Millions of people are now more flexible about where they live and work. As a result, they’re spreading out to thousands of towns and cities, staying for weeks, months, or even entire seasons at a time. Through our adaptability and relentless innovation, we’ve been able to quickly respond to this changing world of travel. Now, two years into the pandemic, Airbnb is substantially stronger than ever before.”

”In Q1 2022, we exceeded 100 million Nights and Experiences Booked, our largest quarterly number ever. GBV of $17.2 billion and revenue of $1.5 billion in Q1 2022 were both more than 70% higher than pre-pandemic Q1 2019 levels. And through our focus and discipline, we delivered $229 million of Adjusted EBITDA, $1.2 billion of net cash provided by operating activities and $1.2 billion of free cash flow in the quarter,” Airbnb said in a letter to shareholders.

Airbnb Inc. chart

Shares of Airbnb ended the day down by 5.09% on Tuesday at $144.76 per share. Share price climbed by around 4% in the after-market hours following the latest results.

Here is how the stock has performed in the past year:

  • 1 Month -15.31%
  • 3 Month -7.61%
  • Year-to-date -12.91%
  • 1 Year -14.15%

Airbnb price targets

  • Morgan Stanley: $175
  • Credit Suisse: $185
  • Citigroup: $200
  • Deutsche Bank: $150

Airbnb Inc. is the 141st largest company in the world with a market cap of $93.61 billion.

You can trade Airbnb Inc. (ABNB) and many other stocks from the NYSE, NASDAQ, HKEX and the ASX with GO Markets as a Share CFD.

Sources: Airbnb Inc., TradingView, CompaniesMarketCap

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