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Airbnb 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
Airbnb stock price targets
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
Disclaimer: Articles are from GO Markets analysts and contributors and are based on their independent analysis or personal experiences. Views, opinions or trading styles expressed are their own, and should not be taken as either representative of or shared by GO Markets. Advice, if any, is of a ‘general’ nature and not based on your personal objectives, financial situation or needs. Consider how appropriate the advice, if any, is to your objectives, financial situation and needs, before acting on the advice. If the advice relates to acquiring a particular financial product, you should obtain and consider the Product Disclosure Statement (PDS) and Financial Services Guide (FSG) for that product before making any decisions.
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