𦧠first profit ever, finally
"one of the best, affordable stock research platforms that hosts stock picking competitionsā
šµ finally making bank
ABNB 0.00 (airbnb) released q4 earnings and reported its first profitable year in 2022
that's right ā positive profit as in positive net income
airbnb made $3.3b in revenue in 2020, but after all expenses, its net income was at a $4.5b loss
in 2021, the company made $5.9b in revenue, but after all expenses, its net income was at a $352m loss
finally, in 2022, revenue came in $8.3b for the full year and net income at +$1.8b
š growing fundamentals
urban night stays were up 22% yoy in q4 '2020
cross-border travel was up 49% yoy (year-over-year)
the platform now has 6.6m global active listings, meaning it added ~900k listings in 2022
š the rally happened but it didnāt
before the earnings release, analysts were quite pessimistic on airbnb's performance, with the consensus price target at $126
but after beating expectations by 92% (eps of 48 cents vs 25 cents), shares popped more than 7% in after-hours trading
but the enthusiasm fizzled away and share price came back down after a rather gloomy outlook in the fedās interest rate hike plansā¦
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š” something im thinking about
kids in 1966 predicting 2000 (click image)