Airbnb (NASDAQ:ABNB) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$2.75b (up 11% from 2Q 2023).
• Net income: US$555.0m (down 15% from 2Q 2023).
• Profit margin: 20% (down from 26% in 2Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.87 (down from US$1.02 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Airbnb EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 5.7%.

Looking ahead, revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 9.6% growth forecast for the Hospitality industry in the US.

The company's shares are down 8.2% from a week ago.

Risk Analysis

You should always think about risks.

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