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Technology Stocks : Airbnb, Inc.
ABNB 126.330.0%11:57 AM EDT
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From: Julius Wong5/3/2022 4:28:32 PM
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Airbnb beats on top and bottom lines; revenue rises 70% to $1.51B

May 03, 2022 4:06 PM ET Airbnb, Inc. (ABNB)By: Anuron Mitra, SA News Editor 6 Comments

Airbnb (NASDAQ: ABNB): Q1 GAAP EPS of -$0.03 beats by $0.27.

Revenue of $1.51B (+70.3% Y/Y) beats by $60M.

Q1 nights and experiences booked 102.1M (+59% Y/Y).

In Q1, nights and experiences booked surpassed pre-pandemic levels and exceeded 100M for the first time ever, driven by North America, EMEA and Latin America.

Q1 gross booking value $17.2B (+67% Y/Y).

Anticipate that the nights and experiences booked growth rate in Q2 2022 (vs Q2 2019) will approximate the growth rate in Q1 2022 (vs Q1 2019).

Sees Q2 revenue between $2.03B-$2.13B.
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