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L'aumento del Q1 di Airbnb contro lo scetticismo del mercato

Pubblicato da MEXEM EUROPA

May 9, 2024 10:10 AM

Airbnb's {{ m-tag option="price" ticker="ABNB" currency="USD" }} fiscal Q1 2024 results showcased a robust performance. Earnings per share (EPS) were $0.41, decisively beating analysts' anticipated $0.23. The company also reported revenue of $2.14 billion, surpassing expectations of $2.06 billion. This marked a significant year-over-year increase from the previous year's revenue of $1.82 billion.

Despite the strong quarterly performance, Airbnb's shares dropped about 8% in after-hours trading. The company projected Q2 revenues to be between $2.68 billion and $2.74 billion, slightly below the analyst consensus of $2.74 billion. This guidance and concerns over a weaker (EBITDA) Earnings Before Interest, Taxes, Depreciation, and Amortization outlook and slower growth in Nights & Experiences bookings contributed to the adverse market reaction.

YoY Growth and Booking Dynamics

Year over year, Airbnb's revenue grew by 18%, and the total value of nights and experiences booked increased by 12% to $22.9 billion. The growth was notably strong in the Asia Pacific and Latin America regions. North American bookings remained stable, with a particular strength in larger group travels.

Stock Performance and Technical Ratings

Before the earnings announcement, Airbnb's stock was already tracking a decline, closing down 1.2% on Wednesday.
However, on a year-to-date basis, the stock had risen by 16%, significantly outperforming the S&P 500's 8.8% gain.
Over the past 12 months, Airbnb's stock had advanced 32%, again outstripping the S&P 500's 25% increase.

Analyst Insights and Future Expectations

KeyBanc analyst Justin Patterson highlighted the company's potential to exceed first-quarter expectations due to resilient near-term travel demand. Moreover, Mizuho Securities analyst James Lee suggested that sponsored listings could significantly boost Airbnb's (EBITDA), raising his price target from $150 to $200.

While Airbnb's Q1 2024 earnings report highlighted stronger-than-expected financial performance, concerns over future revenue and profitability led to decreased stock value post-announcement, however, with solid booking growth and optimistic analyst projections.

Le informazioni presenti sul sito hanno uno scopo puramente informativo. Non devono essere considerate come consigli di investimento. Investire in azioni comporta dei rischi. La performance passata di un titolo non è un indicatore affidabile della sua performance futura. Consultare sempre un consulente finanziario o fonti fidate prima di prendere qualsiasi decisione di investimento.


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