Airbnb sets a new Q4 record – the stock is up

Airbnb Inc. (NASDAQ:ABNB) announced Q4 2022 and 2022 full year financial results after the market close in the US on Tuesday.

World’s second largest travel company reported revenue of $1.902 billion (up by 24% year-over-year), beating analyst estimate of $1.861 billion.

The revenue reported was the highest for a Q4 in Airbnb’s history.

Earnings per share also topped analyst estimate at $0.48 per share vs. $0.256 earnings per share expected.

Revenue in 2022 reported at $8.4 billion, up by 40% vs. 2021.

CEO commentary

”2022 was another incredible year for Airbnb. We made almost 100 upgrades to our core service, saw record guest demand, and ended the year with our highest-ever number of active listings globally,” co-founder and CEO, Brian Chesky said in a press release.

Stock reaction

Shares of Airbnb closed at $120.49 a share on Tuesday, up by 3.28%.

The stock rose by around 9% in the after-hours as Q4 results came in above estimates.

Stock performance

• 1 month: +19.35%
• 3 months: +12.95%
• Year-to-date: +41.37%
• 1 year: -32.88%

Airbnb stock price targets

• B of A Securities: $130
• Barclays: $105
• UBS: $114
• Wells Fargo: $130
• • Goldman Sachs: $87
  • Mizuho: $110
  • Morgan Stanley: $80
  • Baird: $100

  Airbnb is the 188^th largest company in the world with a market cap of $76.53 billion.

  You can trade Airbnb Inc. (NASDAQ:ABNB) and many other stocks from the NYSE, NASDAQ, HKEX, ASX, LSE and DE with GO Markets as a Share CFD.

  Sources: Airbnb Inc., TradingView, MarketWatch, Benzinga, CompaniesMarketCap