Airbnb, Inc. (ABNB): A Bull Case Theory [Yahoo! Finance Canada]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Yahoo! Finance Canada
Photo by Andrea Davis on Unsplash Airbnb's Q3 2024 saw solid growth, with Nights and Experiences Booked increasing by 8% year-over-year (YoY), driven by strong momentum toward the quarter's end, achieving double-digit growth. Gross Booking Value (GBV) reached $20.1 billion, up 10% YoY, supported by increased bookings and a 1% rise in the Average Daily Rate (ADR) to $164. The take rate remained steady at 18.6%, with additional revenue from cross-currency fees offsetting Airbnb's customer service investments, enhancing experiences for both guests and hosts. Airbnb's revenue hit a record $3.73 billion, reflecting 10% YoY growth driven by higher bookings and modest ADR increases. Operating income stood at $1.53 billion with a 41% margin, slightly down from 44% in Q3 2023, largely due to a 28% increase in sales and marketing expenses aimed at bolstering growth in under-penetrated regions. Net income was $1.37 billion, resulting in a 37% net margin. The year-over-year decline was antic
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ABNB
News
- Home rentals group takes Barcelona's ban to EU Commission [Yahoo! Finance Canada]Yahoo! Finance Canada
- Airbnb, Inc. (NASDAQ: ABNB) had its price target raised by analysts at DA Davidson from $125.00 to $131.00. They now have a "neutral" rating on the stock.MarketBeat
- Why Airbnb's CEO supports employee favoritism in the workplace [Yahoo! Finance]Yahoo! Finance
- Why Airbnb's CEO supports employee favoritism in the workplace [Fortune]Fortune
- Airbnb urges Barcelona to reconsider crackdown on tourism rentals [Yahoo! Finance Canada]Yahoo! Finance Canada
ABNB
Earnings
- 11/7/24 - Miss
ABNB
Sec Filings
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- 11/21/24 - Form 4
- ABNB's page on the SEC website