The long-term outlook for Airbnb continues to be strong.
Today's stock market is still getting used to the new realities that have come to the economy since the United States presidential election. With inflation concerns rising and 10-year Treasury yields approaching 5% as the bond market reacts, some stocks may benefit from both trends.
ABNB's third-quarter 2024 results benefit from continuous improvement in Nights and Experiences Booked and strong demand for its services.
Investors should be looking to buy wonderful businesses at good prices.
Shares of Airbnb Inc ABNB tumbled in early trading on Friday, after the company reported downbeat third-quarter results.
Airbnb stock is sinking Friday after the travel company reported mixed results for its third quarter and provided a soft outlook.
Airbnb Inc (NASDAQ:ABNB) stock is 9.2% lower at $134.80 at last glance following a mixed third-quarter earnings report.
Airbnb Inc's (NASDAQ:ABNB, ETR:6Z1) stock dropped nearly 5% in after-hours trading after third-quarter earnings fell slightly short of analyst predictions, though revenue marginally exceeded expectations. The company reported earnings per share of $2.13 against the $2.14 anticipated, with revenue reaching $3.73 billion, a 10% increase from the same period a year ago.
I reiterate a ‘Strong Buy' rating on Airbnb with a one-year target price of $200 per share, driven by strong travel market recovery. Airbnb reported 10% constant revenue growth and 10% gross booking value growth in Q3, supported by investments in customer service and the Co-Host network. Global travel market growth, driven by increased discretionary cash flow and international travel demand, is expected to benefit Airbnb's near-term growth.
Airbnb, Inc. (NASDAQ:ABNB ) Q3 2024 Earnings Conference Call November 7, 2024 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 Richard Clarke - Bernstein Mark Mahaney - Evercore ISI. Brian Nowak - Morgan Stanley Justin Patterson - KeyBanc Justin Post - Bank of America Lee Horowitz - Deutsche Bank James Lee - Mizuho Kevin Kopelman - TD Cowen Patrick Scholes - Truist John Colantuoni - Jefferies Jed Kelly - Oppenheimer Stephen Ju - UBS Operator Good afternoon, and thank you for joining Airbnb's Earnings Conference Call for the Third Quarter of 2024.
Airbnb reported Q3 earnings after the close Thursday. Growth appears to be marching along nicely and free cash flow generation remains strong. The company is great, but the stock is expensive. Wait for a better entry.
Airbnb reported earnings after the market closed on Thursday. CEO Brian Chesky pointed to multiple growth areas for the company.