Sat, February 15, 2025
Fri, February 14, 2025

Airbnb pops 14%, heads for record rally on earnings beat

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. -14-heads-for-record-rally-on-earnings-beat.html
  Print publication without navigation Published in Business and Finance on by MSN
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Airbnb shares surged 14% and headed for their best day ever after the company reported stronger-than-expected fourth-quarter earnings.
Airbnb's stock surged 14% following the release of its first-quarter earnings, which significantly outperformed expectations. The company reported a revenue of $2.14 billion, surpassing the anticipated $2.06 billion, and an adjusted earnings per share of 41 cents, beating the expected 24 cents. This strong performance was driven by a 12% increase in gross booking value to $22.9 billion and a 9.5% rise in nights and experiences booked to 132.6 million. Additionally, Airbnb's free cash flow reached $1.9 billion, up from $396 million the previous year, with a margin of 46%. The company also announced a $6 billion share buyback program, signaling strong confidence in its future growth. Despite these positive results, Airbnb forecasted a slight revenue growth for the second quarter, projecting between $2.68 billion and $2.74 billion, which is below the $2.74 billion expected by analysts.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/economy/airbnb-pops-14-heads-for-record-rally-on-earnings-beat/ar-AA1z4klB ]


Similar Business and Finance Publications