Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United States
  4. Nasdaq
  5. Airbnb, Inc.
  6. News
  7. Summary
    ABNB   US0090661010

AIRBNB, INC.

(ABNB)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Airbnb's Bookings Improve, Revenue Recovers

05/13/2021 | 02:28pm EDT

By Maria Armental

Airbnb Inc. reported more than $10 billion in bookings in the latest period while revenue recovered from the March 2020 quarter, when the pandemic devastated the travel industry.

But the company's loss surged to more than $1 billion, driven by costs related to debt repayment and warrants.

The San Francisco company last year raced to raise money to weather the crisis, but the warrants it gave investors on those loans have significantly appreciated, leading to a $292 million noncash adjustment in the latest period.

Airbnb, whose stock started publicly trading in December, reported a net loss of $1.17 billion, compared with a $341 million loss a year ago.

Analysts surveyed by FactSet expected a $717 million loss.

The home-sharing company said the value of all services bought during the quarter, including cleaning fees and taxes, rose to $10.29 billion, from $6.77 billion last year. Revenue rose to $887 million from $842 million a year earlier and $839 million in the comparable 2019 period.

The first quarter is typically the lowest revenue quarter due to the seasonality of the business, the company said. Still, the revenue results were better than analysts expected and marked a significant improvement from the 22% decline in the December quarter.

Company officials have said they are seeing gradual business improvement as people appear more willing to book stays, as well as an uptick in local travel and long-term stays of at least 28 nights, softening the impact from cancellations and falling bookings as a result of the pandemic.

On Thursday, company officials said that while it was still too early to give financial projections for the full year, they pointed to improving trends in April from March in both nights and experiences booked and gross booking value.

The company said that travel to top cities remains depressed but noted an increase in family and group travel, especially outside of cities.

Active listings in nonurban areas rose nearly 30% in the March quarter from 2019, the company said.

Long-term stays, Airbnb said, accounted for nearly a quarter of nights booked, before cancellations or alterations, up from 14% in 2019.

Write to Maria Armental at maria.armental@wsj.com

(END) Dow Jones Newswires

05-13-21 1628ET

Stocks mentioned in the article
ChangeLast1st jan.
AIRBNB, INC. 1.33% 146.04 Delayed Quote.-1.90%
DJ INDUSTRIAL 0.35% 35065.8 Delayed Quote.14.14%
All news about AIRBNB, INC.
07/29Vacation rental firm Vacasa to merge with TPG-backed SPAC in $4.5 bln deal
RE
07/29AIRBNB : to Announce Second Quarter 2021 Results
PR
07/28CORRECTION : Major Internet Outage Hits Amazon, Home Depot, UPS, AT&T, Dozens Mo..
MT
07/28WORLD SERIES OF GOLF, INC. IS VAYCAY : Wsgf)
AQ
07/27'PATHETIC AND DISGRACEFUL' : U.S. lawmakers blast Coca-Cola, Visa and others ove..
RE
07/26Facebook and tech giants to target attacker manifestos, far-right militias in..
RE
07/26Facebook and tech giants to target attacker manifestos, far-right militias in..
RE
07/26Facebook and tech giants to target manifestos, militias in database
RE
07/26DGAP-NEWS : Bit2me: L'ancien PDG de Coinbase UK, Zeeshan Feroz, rejoint Bit2Me
DJ
07/26PRESS RELEASE : Bit2me: Former Coinbase UK CEO Zeeshan Feroz joins Bit2Me
DJ
More news
Financials (USD)
Sales 2021 5 408 M - -
Net income 2021 -1 270 M - -
Net cash 2021 4 312 M - -
P/E ratio 2021 -70,8x
Yield 2021 -
Capitalization 87 605 M 87 605 M -
EV / Sales 2021 15,4x
EV / Sales 2022 11,9x
Nbr of Employees 5 400
Free-Float 31,1%
Chart AIRBNB, INC.
Duration : Period :
Airbnb, Inc. Technical Analysis Chart | ABNB | US0090661010 | MarketScreener
Technical analysis trends AIRBNB, INC.
Short TermMid-TermLong Term
TrendsNeutralBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 35
Last Close Price 144,01 $
Average target price 168,73 $
Spread / Average Target 17,2%
EPS Revisions
Managers and Directors
Brian Chesky Chairman, Chief Executive Officer & Head-Community
David E. Stephenson Chief Financial Officer
Aristotle N. Balogh Chief Technology Officer
Tara Bunch Head-Global Operations
Jeffrey D. Jordan Independent Director
Sector and Competitors
1st jan.Capi. (M$)
AIRBNB, INC.-1.90%87 605
TENCENT HOLDINGS LIMITED-15.07%586 611
NETFLIX, INC.-4.28%229 074
PROSUS N.V.-15.29%143 510
UBER TECHNOLOGIES, INC.-14.78%81 617
NASPERS LIMITED-6.54%79 627