Earnings To Watch: Airbnb (ABNB) Reports Q4 Results Tomorrow

Anthony Lee /
2023/02/13 4:13 am EST

Online accommodations platform Airbnb (NASDAQ: ABNB) will be reporting results tomorrow after market close. Here's what investors should know.

Last quarter Airbnb reported revenues of $2.88 billion, up 28.9% year on year, beating analyst revenue expectations by 1.26%. It was a mixed quarter for the company, with growing number of users but an underwhelming revenue guidance for the next quarter. The company reported 99.7 million nights booked, up 25.1% 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 21.4% year on year to $1.86 billion, slowing down from the 78.3% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.33 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 seven upwards 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 7.92%.

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. Meta's revenues decreased 4.47% year on year, beating analyst estimates by 1.5% and Lyft reported revenues up 21.1% year on year, exceeding estimates by 1.77%. Meta traded up 13% on the results, and Lyft was down 24%. Read our full analysis of Meta's results here and Lyft's results here.

There has been positive sentiment among investors in the consumer internet segment, with the stocks up on average 4.47% over the last month. Airbnb is up 7.29% during the same time, and is heading into the earnings with analyst price target of $48.5, compared to share price of $108.65.

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