International Courant
Brian Chesky, co-founder and CEO of Airbnb Inc., on the Hope International Boards annual assembly in Atlanta, Georgia, USA, on Tuesday, December 12, 2023.
Dustin Chambers | Bloomberg | Getty Pictures
Airbnb reported higher than anticipated gross sales for the fourth quarter Tuesday and printed an optimistic forecast for the present interval. The inventory fell greater than 4% throughout prolonged buying and selling.
This is how the corporate did it:
EPS: lack of 55 cents. It is not instantly clear if that compares to the 62-cent earnings estimate, in accordance with LSEG, previously generally known as RefinitivRevenue: $2.22 billion versus $2.17 billion anticipated by analysts, in accordance with LSEG
Income rose 17%, in comparison with $1.9 billion in the identical quarter a yr earlier. Airbnb Posted adjusted revenue of $738 million within the fourth quarter. Analysts anticipated $645 million, in accordance with StreetAccount.
Airbnb reported a web lack of $349 million, or 55 cents per share, in contrast with web earnings of $319 million, or 48 cents per share, a yr earlier. Airbnb stated the loss included lodging tax reserves and one-time tax withholding prices of about $1 billion.
The corporate additionally introduced approval to repurchase $6 billion of Class A typical inventory a launch.
In its shareholder letter, Airbnb stated the corporate is at an “inflection level” after spending the previous three years upgrading and including options to its flagship room-sharing service. Airbnb stated it’s investing in less-penetrated markets overseas in 2024, and can share plans to increase past its core enterprise later this yr.
Airbnb stated first-quarter income will probably be between $2.03 billion and $2.07 billion, whereas Wall Avenue anticipated $2.03 billion, in accordance with LSEG. The corporate stated the quarter began sturdy, with greater than 6 million visitors celebrating the brand new yr in an Airbnb.
Gross reserving worth, which Airbnb makes use of to trace host income, service charges, cleansing charges and taxes, reached $15.5 billion within the fourth quarter. The corporate reported 98.8 million nights and experiences booked, up 12% from a yr in the past, and above the 98 million analysts anticipated, in accordance with StreetAccount.
Airbnb stated visitor demand “stays sturdy,” particularly amongst new customers. The corporate stated that after “volatility” impacted operations in October, when the struggle between Israel and Hamas broke out, in a single day development accelerated for the remainder of the interval.
Common each day charges rose 3% from a yr in the past to $157 within the fourth quarter, and the corporate ended 2023 with 7.7 million energetic listings, up 18% from a yr earlier.
Airbnb stated within the investor letter that it has seen “double-digit provide development” in energetic listings in each area, with the Asia Pacific and Latin America areas rising essentially the most.
Airbnb will maintain its quarterly investor name at 4:30 PM ET.
Airbnb (ABNB) This autumn earnings 2023
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