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Airbnb (ABNB) To Report Earnings Tomorrow: Here Is What To Expect


Adam Hejl /
2022/08/01 5:03 am EDT
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Online accommodations platform Airbnb (NASDAQ: ABNB) will be reporting earnings tomorrow after the bell. Here's what you need to know.

Last quarter Airbnb reported revenues of $1.5 billion, up 70.1% year on year, beating analyst revenue expectations by 3.88%. It was a stunning quarter for the company, with an exceptional revenue growth and growing number of users. The company reported 102.1 million nights booked, up 58.5% 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 57.5% year on year to $2.1 billion, slowing down from the 298% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.52 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 six upwards revisions over the last thirty days. The company has a history of exceeding Wall St's expectations, beating revenue estimates every single time over the past two years on average by 10.4%.

Looking at Airbnb's peers in the consumer internet segment, some of them have already reported Q2 earnings results, giving us a hint of what we can expect. Etsy delivered top-line growth of 10.6% year on year, beating analyst estimates by 5.06% and Roku reported revenues up 18.4% year on year, missing analyst estimates by 5%. Etsy traded up 3.68% on the results, and Roku was down 26.9%. Read our full analysis of Etsy's results here and Roku's results here.

Investors in the consumer internet segment have had steady hands going into the earnings, with the stocks down on average 1.87% over the last month. Airbnb is up 15.6% during the same time, and is heading into the earnings with analyst price target of $160.8, compared to share price of $110.6.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

The author has no position in any of the stocks mentioned.