In Q3 2022, Airbnb generated $1.79 in EPS. Analysts had averaged earnings per share of $1.47 in their estimates, down from $1.22 a year earlier.
Airbnb revenue was $2.88 billion for the period, up from $2.24 billion in the same quarter last year. Experts had forecast an improvement to 2.85 billion US dollars.
After the travel boom in the summer, the apartment broker Airbnb dampened expectations for the final quarter. The company announced on Tuesday after the US stock market closed that the proceeds should be a maximum of 1.9 billion US dollars. Airbnb has warned that demand for bookings is likely to slow from the previous quarter, when revenue grew about 29 percent year-on-year to $2.9 billion. Third-quarter profit rose 46 percent to $1.2 billion, beating market expectations.
Airbnb fall significantly after cloudy outlook – chart picture cloudy
A gloomy outlook pushed Airbnb shares back to mid-July levels on Wednesday. The titles of the apartment broker temporarily lost 8.84 percent to 99.41 US dollars on the US stock exchange NASDAQ.
Analyst Lloyd Walmsley from the Swiss bank UBS is concerned about the growth in the number of overnight stays with a view to 2023. Customers are likely to become more price-sensitive, he wrote in a recent study. He lowered his target price from $120 to $112, but maintained his neutral investment rating.
In terms of the chart, the shares are battered by the current price losses. The price is now trading well below the 21-day line for the short-term trend and below the 50- and 100-day line for the medium-term trend.
Editorial office finanzen.net / dpa-AFX
Leverage must be between 2 and 20
No data
More news about Airbnb
Image sources: Tero Vesalainen / Shutterstock.com, Ink Drop / Shutterstock.com