In this video, I will cover Airbnb's (ABNB 13.59%) latest earnings and explain why the stock is soaring on Friday. Watch the short video to learn more, consider subscribing, and click the special offer link below.
The short-term rental company plans to launch several new businesses over the next five years.
Stock futures were ricking lower in premarket trading Friday as investors readied for economic data releases and evaluated the latest tariff proposals.
Airbnb's shares surged 14% after earnings, reflecting a fair valuation at 20x forward free cash flow with 12% y/y growth expected in 2025. Heavy investments and over 500 new features aim to enhance the platform, setting Airbnb up for long-term growth beyond 2025. Despite low double-digit revenue growth, Airbnb's strong free cash flow generation and nearly 9% net cash position provide a margin of safety.
Airbnb is accessed by about 1.6 billion devices per year, according to CEO Brian Chesky, “but we're not a frequently used app.” To address this, the company is investing in refining its mobile app, streamlining the booking process, and offering a more tailored experience, Chesky explained during Airbnb's fourth-quarter earnings Thursday (Feb. 13).
Airbnb, Inc. (NASDAQ:ABNB ) Q4 2024 Earnings Conference Call February 13, 2025 4:30 PM ET Company Participants Angela Yang - Director, Investor Relations Brian Chesky - Co-Founder & Chief Executive Officer Ellie Mertz - Chief Financial Officer Conference Call Participants Stephen Ju - UBS Richard Clarke - Bernstein Eric Sheridan - Goldman Sachs Justin Patterson - KeyBanc Brian Nowak - Morgan Stanley Ron Josey - Citi James Lee - Mizuho Jed Kelly - Oppenheimer Doug Anmuth - JPMorgan Lee Horowitz - Deutsche Bank Justin Post - BofA Ken Gawrelski - Wells Fargo Kevin Kopelman - TD Cowen Naved Khan - B. Riley Securities Colin Sebastian - Baird John Colantuoni - Jefferies Operator Good afternoon, and thank you for joining Airbnb's Earnings Conference Call for the Fourth Quarter of 2024.
While the top- and bottom-line numbers for Airbnb (ABNB) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
We were supposed to see the start of major tariffs being levied on our global trading partners, but they have yet to be set.
Airbnb (ABNB) swung to a bigger-than-expected profit in the fourth quarter, sending shares soaring in extended trading Thursday.
Airbnb, Inc. (ABNB) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.76 per share a year ago.
Here's our initial take on Airbnb's (ABNB 0.37%) fourth-quarter financial report.
CNBC's Julia Boorstin joins 'Closing Bell Overtime' to talk Airbnb earnings.