Airbnb sets a new Q4 record – the stock is up
15 February 2023Airbnb Inc. (NASDAQ:ABNB) announced Q4 2022 and 2022 full year financial results after the market close in the US on Tuesday.
World’s second largest travel company reported revenue of $1.902 billion (up by 24% year-over-year), beating analyst estimate of $1.861 billion.
The revenue reported was the highest for a Q4 in Airbnb’s history.
Earnings per share also topped analyst estimate at $0.48 per share vs. $0.256 earnings per share expected.
Revenue in 2022 reported at $8.4 billion, up by 40% vs. 2021.
CEO commentary
”2022 was another incredible year for Airbnb. We made almost 100 upgrades to our core service, saw record guest demand, and ended the year with our highest-ever number of active listings globally,” co-founder and CEO, Brian Chesky said in a press release.
Stock reaction
Shares of Airbnb closed at $120.49 a share on Tuesday, up by 3.28%.
The stock rose by around 9% in the after-hours as Q4 results came in above estimates.
Stock performance
- 1 month: +19.35%
- 3 months: +12.95%
- Year-to-date: +41.37%
- 1 year: -32.88%
Airbnb stock price targets
- B of A Securities: $130
- Barclays: $105
- UBS: $114
- Wells Fargo: $130
-
- Goldman Sachs: $87
- Mizuho: $110
- Morgan Stanley: $80
- Baird: $100
Airbnb is the 188th largest company in the world with a market cap of $76.53 billion.
You can trade Airbnb Inc. (NASDAQ:ABNB) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.
Sources: Airbnb Inc., TradingView, MarketWatch, Benzinga, CompaniesMarketCap
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