Key TakeawaysAirbnb shares tumbled Wednesday, a day after warning about slowing U.S. demand in its second-quarter earnings report.Airbnb said it expects a "sequential moderation" in year-over-year booking growth.The vacation rental provider also missed quarterly profit estimates. Airbnb (ABNB) shares sank Wednesday, a day after the vacation rental firm missed second-quarter profit forecasts and warned about slowing demand in the U.S. The company posted earnings per share (EPS) of $0.86, $0.06 below the aver ...

Airbnb Inc (NASDAQ:ABNB) stock is down 14.4% to trade at $111.64 at last check, brushing off better-than-expected revenue for the second quarter after the company's profits fell 15%, missing estimates despite rising bookings amid higher income taxes.The results ushered no fewer than 13 price-target cuts, including one from Deutsche Bank to $90 from $144. Analysts are hesitant toward ABNB, with 24 of the 36 in coverage calling it a tepid "hold" or worse. Airbnb stock could mark its biggest single-day percent ...

The stock market has been on a whipsaw in the past few trading days. As the so-called “Carry Trade” is now unwound in Japan after that country’s central bank hiked interest rates, the bottom for the S&P 500 is now further away than most had initially thought. Of course, when markets sell off, they don’t take any prisoners, and even stocks with strong fundamentals get dragged down.Airbnb TodayABNBAirbnb$111.75 -18.72 (-14.35%) 52-Week Range$111.00▼$170.10P/E Ratio14.96Price Target$153.58Add to WatchlistOne o ...

Investors should be looking to buy wonderful businesses at good prices.In this video, I will go over Airbnb's (ABNB 4.12%) second-quarter earnings report and explain why this might be a great opportunity for long-term investors to pick up shares as the stock drops.*Stock prices used were from the trading day of Aug. 6, 2024. The video was published on Aug. 6, 2024. ...

Jessie Casson Airbnb (NASDAQ:ABNB) reported solid second quarter results, but the stock continues to fall as investors digest the company’s slowing growth and declining margins, along with the rising probability of an economic contraction. While I believe that Airbnb has a strong business and that the stock should do fairly well longer term, I have been negative about the company’s short-term prospects due to the fading of pandemic related tailwinds. Airbnb’s business has a lot of inherent leverage, whi ...

Airbnb could buy back over 10% of its stock immediately.Airbnb (ABNB 4.12%) has built a massive cash position that is generating nearly $1 billion in interest annually. But it could also be used to buy back the company's stock. In this video, Travis Hoium goes through the potential impact a buyback would have on Airbnb's shares.*Stock prices used were end-of-day prices of Aug. 6, 2024. The video was published on Aug. 6, 2024. ...

Airbnb has seen shorter booking lead times in recent weeks, with customers around the world booking their accommodations closer to their expected time of arrival.A growing share of customers are booking just days or a couple of weeks in advance, Airbnb executives said Tuesday (Aug. 6) during the company’s quarterly earnings call.This trend first appeared in July and has grown strong since then, after a first and second quarter in which the lead times were basically the same as what Airbnb saw a year earlier ...

Financial Data and Key Metrics - Revenue increased 11% YoY to $2.75 billion in Q2 2024 [8] - Net income was $555 million, representing a net income margin of 20% [8] - Free cash flow reached $1 billion in Q2, with trailing 12-month free cash flow at $4.3 billion, the highest ever [8] - The company repurchased $749 million of shares in Q2, with $5.25 billion remaining in the share repurchase authorization program [8] Business Line Data and Key Metrics - Nights and experiences booked totaled 125 million in Q2 [8] - Active listings surpassed 8 million, driven by growth across all regions and market types [9] - Guest favorites listings saw over 150 million nights booked since their launch in November 2023 [10] - Nights booked in the app increased 19% YoY, now comprising 55% of total nights booked [12] - Active listings managed by Superhosts increased 26% YoY [15] Market Data and Key Metrics - Growth in expansion markets (non-core markets) significantly outperformed core markets (US, UK, France, Australia, Canada) [11] - Nights booked in Paris more than doubled YoY ahead of the Olympics [13] - Cities hosting Euro Cup matches in Germany saw a 20% YoY increase in nights booked [14] - Active listings in Paris increased 37% YoY [14] - Latin America and Asia Pacific remain the fastest-growing regions [15] Company Strategy and Industry Competition - Strategic priorities include making hosting mainstream, perfecting core service, and expanding beyond the core [8] - The company is focusing on improving listing quality, with over 200,000 listings removed since April 2023 [9][14] - Airbnb is expanding its brand positioning beyond travel accommodations, launching Airbnb Icons for unique experiences [11] - The company is investing in underpenetrated markets, with localized product and marketing strategies [11][34] - Airbnb is preparing to launch new products and services, including a co-hosting marketplace in October 2024 [24][27] Management Commentary on Operating Environment and Future Outlook - Management noted shorter booking lead times globally, particularly in North America, with some signs of slowing demand [15] - The company is monitoring macroeconomic pressures and their potential impact on demand [15] - Airbnb is encouraged by the strength of Latin America and Asia Pacific, as well as the upcoming Olympics and Euro Cup [15] - The company expects to continue executing its growth strategy, focusing on service improvements, market expansion, and new offerings [16] Other Important Information - Airbnb's system of trust is a key factor in driving growth, particularly for Airbnb Rooms [95] - The company is exploring opportunities in generative AI to enhance its platform and create new travel concierge services [52][53] - Airbnb is working on improving the discoverability and affordability of experiences, with plans to relaunch the experiences business in 2025 [25][26] Q&A Session Summary Question: Slowing lead times in North America and impact on Olympics and Euro Cup [17] - Management noted that lead times in Q1 and Q2 were consistent with 2023, but recent trends show shorter lead times, particularly for same-day to next-week bookings [19][20] - Longer lead times for holidays like Thanksgiving and Christmas are showing softness, but this may be due to delayed bookings rather than cancellations [21] Question: Expansion beyond the core business and future product launches [17][23] - Airbnb plans to launch new products and services annually, starting with a co-hosting marketplace in October 2024 [24][27] - The company is relaunching experiences in 2025, focusing on affordability, uniqueness, and better merchandising [25][26] Question: Pricing trends and property class shifts [29] - ADR appreciation is driven by a shift towards larger, more expensive properties, which offer better value per guest compared to hotels [31][32] Question: Expansion markets with strong traction [29][33] - Key expansion markets include Germany, Brazil, Italy, Spain, and several Latin American and Asian countries [34][35] - The company is focusing on localizing products and marketing strategies to drive growth in these regions [35] Question: Q3 revenue guidance and booking trends [37] - Funds held on behalf of customers increased 13% YoY, but this does not directly translate to revenue due to timing differences in payments [38] Question: Booking window trends pre- and post-pandemic [40][41] - Lead times in Q2 2024 were similar to Q2 2019, indicating a return to pre-pandemic booking patterns [42] - Last-minute bookings are strong, but longer lead times are showing softness, potentially due to macroeconomic factors [43][44] Question: Marketing expenses and ROI [46][47] - Marketing expenses are expected to grow faster than revenue in Q3, with investments in international markets and performance marketing [48][49] - Payback periods vary by channel, with performance marketing offering shorter-term ROI and brand campaigns requiring longer-term investment [99] Question: Urban vs non-urban market trends [63] - Non-urban markets continue to grow slightly faster than urban markets, reflecting Airbnb's differentiated offering in areas with limited hotel supply [67] Question: Experiences business challenges [63][64] - Key challenges for experiences include affordability, uniqueness, discoverability, and awareness [64][65] - Airbnb plans to improve merchandising and cross-selling experiences alongside accommodations [66] Question: Investment cycle and returns [69] - The company is investing in growth initiatives, with a focus on international markets and new offerings, but expects to maintain strong profitability levels [70][71] Question: Revenue growth trends and Q4 outlook [73] - Management is monitoring lead time trends and expects some bookings to shift to later periods, similar to past patterns [74] Question: Urban opportunity and hotel integration [80][81] - Airbnb is open to adding hotels to its platform, particularly for filling network gaps during high-demand periods [82][83] - The company aims to maintain its unique brand positioning while expanding inventory options [84] Question: Learnings from Paris Olympics [86] - Airbnb successfully increased supply in Paris by 37% ahead of the Olympics, leveraging its ability to provide housing for large-scale events [88][89] - The company plans to apply this strategy to future events like the World Cup and Olympics [91] Question: Airbnb Rooms growth and challenges [93] - Airbnb Rooms remains a small portion of the business, with growth limited by its niche appeal and the need for further investment in trust systems [94][95] Question: Marketing payback and ADR sustainability [97] - Marketing payback periods vary by channel, with performance marketing offering quicker returns and brand campaigns requiring longer-term investment [99] - Global ADRs may decline as lower-ADR regions like Latin America and APAC grow, but the economics remain strong [101]

Airbnb expects a slowdown in growth next quarter and weakening US demand.Shorter booking lead times and regulations in California impacted bookings, Airbnb's CFO said.The news follows lower-than-expected earnings from tech giants and a disappointing job report. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read preview Thanks for signing up! Go to newsletter preferences Thanks for signing up! Access your favorite topics in a personaliz ...

Airbnb forecast third-quarter revenue below estimates on Tuesday and warned of shorter booking windows, suggesting travelers were waiting until the last minute to book due to economic uncertainty, sending its shares down 15% after the bell.Domestic travel in the United States has been pressured since the start of the year as more Americans have grown cautious about travel spending on worries about the health of the US economy.San Francisco-based Airbnb reported quarterly profit of $555 million, or 86 cents ...