Airbnb, Inc. (ABNB) reported $2.22 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 16.6%. EPS of $0.76 for the same period compares to $0.48 a year ago.The reported revenue represents a surprise of +2.57% over the Zacks Consensus Estimate of $2.16 billion. With the consensus EPS estimate being $0.67, the EPS surprise was +13.43%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determ ...

Airbnb, Inc. (ABNB) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.43%. A quarter ago, it was expected that this company would post earnings of $2.08 per share when it actually produced earnings of $2.39, delivering a surprise of 14.90%.Over the last four quarters, the company has ...

In November, Airbnb acquired a stealth AI firm launched by Siri’s co-founder, called GamePlanner.AI. The deal valued the secretive startup at around $200 million, according to reports. Though the hosting company didn’t telegraph its plans for GamePlanner at the time, Airbnb co-founder and CEO Brian Chesky today shared a high-level overview of Airbnb’s larger plans for AI, saying that it planned to accel at the “application layer” of AI, building one of the “most innovative AI interfaces ever created.”Hyperb ...

Airbnb is slowly killing the cleaning fee as it aims for more transparent pricing.Since early last year, when the company started showing guests all-inclusive pricing when booking a property, almost 300,000 listings have removed or lowered cleaning fees, Airbnb said in its earnings report today. Now, nearly 40% of active listings no longer charge cleaning fees.On the customer side, these cleaning fees had been a longtime frustration. You could spot a bargain on a vacation rental on Airbnb, only to navigate ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Airbnb Inc.’s stock bounced around in volatile extended trading Tuesday following quarterly results that eclipsed analysts’ revenue estimates and guidance. The vacation-property rentals company ABNB, -1.94% reported a fiscal fourth-quarter net loss of $349 million, or 55 cents a share, compared with net income of $319 million, or 50 cents a share, in the same quarter a year ago. Airbnb’s sales climbed 17% to $2.22 billion from $1.9 billion in the year-ago quarter. Analysts polled by FactSet had expecte ...

Brian Chesky, co-founder and chief executive officer of Airbnb Inc., at the Hope Global Forums annual meeting in Atlanta, Georgia, US, on Tuesday, Dec. 12, 2023.Airbnb reported better-than-expected revenue for the fourth quarter on Tuesday and issued an optimistic forecast for the current period. The stock jumped more than 8% in extended trading. Here's how the company did:EPS: 55-cent loss. It's not immediately clear if that's comparable to the 62-cent profit estimate, according to LSEG, formerly known as ...

We are halfway through the earnings season, and what an exciting time this has been! Several companies have reported exceptional results, proving that the economy is on its way to recovery. We will see better days ahead, and the stock market could soar. While many companies have already announced results, several stalwarts have not yet. These three companies are expected to report positive earnings surprises, which can boost the stock in the following days. Shopify (SHOP)Source: Burdun Iliya / Shutterstock. ...

U.S. markets fell in the early going on Tuesday, reversing some of the gains from last week following a historic milestone for the S&P 500. We remain in the thick of the Q4 earnings season, with more than 800 companies reporting results this week. Earnings continue to be the focus heading into Tuesday’s session along with this morning’s key inflation report.The consumer price index (CPI) data for January showed that both headline and core inflation came in above forecasts. On a monthly basis, headline CPI r ...

Investors might want to bet on Airbnb, Inc. (ABNB) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a chang ...