Airbnb To Report Earnings Tomorrow: Here Is What To Expect

Adam Hejl /
2022/02/14 5:49 am EST

Online accommodations platform Airbnb (NASDAQ: ABNB) will be reporting earnings tomorrow afternoon. Here's what investors should know.

Last quarter Airbnb reported revenues of $2.23 billion, up 66.6% year on year, beating analyst revenue expectations by 8.83%. It was an impressive quarter for the company, with an exceptional revenue growth and a strong beat of analyst estimates. The company reported 79.7 million nights booked, up 28.9% 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 66.5% year on year to $1.43 billion, improving on the 22.3% year-over-year decline in revenue the company had recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.04 per share.

Airbnb Total Revenue

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. 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 13.3%.

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. Expedia (NASDAQ:EXPE) delivered top-line growth of 147% year on year, missing analyst estimates on revenue by 0.81% but beating on EPS. The company reported 62.9 million stayed nights booked, up 26.8 million year on year and traded down 2.73% on the results. Read our full analysis of Expedia's results here.

Tech stocks have been facing declining investor sentiment in 2022 and while some of the consumer internet stocks have fared somewhat better, they have not been spared, with share price declining 4.08% over the last month. Airbnb is up 7.75% during the same time, and is heading into the earnings with analyst price target of $175, compared to share price of $161.5.

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.