why airbnb stock is up

by Chelsey Ward Published 3 years ago Updated 2 years ago

Airbnb Inc(NASDAQ: ABNB) is trading higher Friday after the company announced better-than-expected third-quarter financial results. Airbnb reported quarterly earnings of $1.22 per share, which beat the estimate of 75 cents per share. The company reported quarterly revenue of $2.24 billion, which beat the estimate of $2.04 billion.

Airbnb Stock Today

a new loss of 58 cents during the coronavirus-plagued quarter in 2020. The positive earnings also crushed Wall Street's view for 4 cents. Revenue ripped 78% higher to $1.53 billion, accelerating from a 67% jump in the third quarter of 2021. Full-year revenue grew 77% to a record $5.99 billion.9 hours ago

Full Answer

Should you buy Airbnb stock right now?

Feb 18, 2022 · Airbnb ( ABNB -2.71%) shareholders beat the market this week, as their stock rose 10% through trading on Thursday, according to data provided by S&P Global Market Intelligence, compared to a 0.9% ...

Is Airbnb overvalued?

May 03, 2022 · Here are two reasons why the vacation rental and experience company could rally from recent lows. Image Source: Airbnb. 1. Airbnb's business is stronger than ever. While Airbnb has always been ...

Will Airbnb stock go up?

Aug 24, 2021 · What happened. Shares of Airbnb (NASDAQ: ABNB) closed up 10% today after Reuters reported that the company has offered to provide free, temporary housing to 20,000 Afghan refugees worldwide.

When will Airbnb go public?

Dec 17, 2021 · After a roaring introduction to the public markets one year ago, Airbnb ( ABNB -2.33%) has delivered exceptional business growth in 2021 with more people traveling again and booking long-term ...

Why is Airbnb stock growing?

Airbnb posted a strong set of Q1 2021 results earlier this month, with revenues increasing by about 5% year-over-year to $887 million, as growing vaccination rates, particularly in the U.S., led to more travel.Jan 11, 2022

Why is Airbnb up?

Airbnb stock climbed early Wednesday, after beating earnings expectations in the fourth quarter. Airbnb 's strong fourth-quarter earnings have been well received by investors and analysts alike, with 2022 shaping up to be another good year for the company, barring a damaging new coronavirus variant.Feb 16, 2022

Is Airbnb a good stock now?

Airbnb is stronger than ever

The rising appetite for consumer travel is showing up in Airbnb's results. In its fourth-quarter ended Dec. 31, revenue rose to $1.5 billion. That was up 78% from the same quarter last year, but perhaps more tellingly, it was up 38% from the same quarter in 2019, before the pandemic.Mar 27, 2022

Is Airbnb stock going to grow?

Even post the recent correction, the company is valued at over $113 billion, or about 24x consensus 2021 revenues. Airbnb's sales are likely to grow by about 40% this year and by about 35% next year, per consensus estimates. There are much cheaper ways to play the recovery in the travel industry post-Covid.Jan 27, 2022

Is Airbnb ever profitable?

Profits for the quarter rose 280% year over year and the company saw its highest revenue and net income ever. Airbnb said it expects vaccination progress and the recovery of international travel to lead growth in the fourth quarter and new year.Nov 4, 2021

Why is Airbnb stock going down?

Shares of Airbnb (ABNB -2.71%) were down 13.3% week to date through Thursday's market close, according to data provided by S&P Global Market Intelligence. The slide coincided with a recent spike in COVID-19 cases, which could potentially dampen demand for travel.Dec 17, 2021

Is Airbnb stock a buy or sell?

If a company's net margin is 15%, for example, that means its net income (or profit) is 15 cents for every $1 of sales the company makes.
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Momentum Scorecard. More Info.

Zacks Rank	Definition	Annualized Return
1	Strong Buy	25.08%
2	Buy	18.56%
3	Hold	10.15%
4	Sell	5.79%

2 more rows

Is Airbnb a good investment UK?

The Airbnb short term vacation rental market is growing and is predicted to achieve demand levels it was expected to achieve had the pandemic not cut growth short. It has prospered even amid the pandemic in comparison with other sectors of the travel industry.

Will Airbnb pay dividends?

AIRBNB (NASDAQ: ABNB) does not pay a dividend.

What happened

Shares of Airbnb (NASDAQ: ABNB) closed up 10% today after Reuters reported that the company has offered to provide free, temporary housing to 20,000 Afghan refugees worldwide.

So what

As a business move, this has pluses and minuses. Airbnb won't be making any money from facilitating free rentals, and it will rely on donations from CEO Brian Chesky and its charity Airbnb.org to fund the project. On the other hand, the positive PR that Airbnb will earn from this move is invaluable.

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