Airbnb (ABNB) Q4 Earnings Report Preview: What To Look For

Kayode Omotosho /
2024/02/12 2:02 am EST

Online accommodations platform Airbnb (NASDAQ:ABNB) will be reporting results tomorrow after market hours. Here's what you need to know.

Last quarter Airbnb reported revenues of $3.40 billion, up 17.8% year on year, in line with analyst expectations. It was a mixed quarter for the company. Nights and Experiences Booked (key measure of volumes) grew but missed expectations slightly. However, revenue beat by a bit. On the other hand, its revenue guidance for next quarter underwhelmed. The company reported 113.2 million nights booked, up 13.5% year on year.

Is Airbnb buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Airbnb's revenue to grow 13.8% year on year to $2.16 billion, slowing down from the 24.1% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.70 per share.

Airbnb Total Revenue

The analysts covering the company have been growing increasingly bullish about the business heading into the earnings, with revenue estimates seeing four upward revisions over the last thirty days. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 2.2%.

Looking at Airbnb's peers in the consumer internet segment, some of them have already reported Q4 earnings results, giving us a hint of what we can expect. Pinterest delivered top-line growth of 11.9% year on year, missing analyst estimates by 0.9% and Coursera reported revenues up 18.8% year on year, exceeding estimates by 2.5%. Pinterest traded down 21.4% on the results, Coursera was up 3.5%.

Read our full analysis of Pinterest's results here and Coursera's results here.

There has been positive sentiment among investors in the consumer internet segment, with the stocks up on average 4.9% over the last month. Airbnb is up 9.4% during the same time, and is heading into the earnings with analyst price target of $141, compared to share price of $147.7.

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