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Airbnb sets a new Q4 record – the stock is up

15 February 2023 By Klavs Valters

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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 188th 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

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