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🦧 first profit ever, finally

www.wiseape.fyi

🦧 first profit ever, finally

Ape of Omaha
Feb 23
Share this post

🦧 first profit ever, finally

www.wiseape.fyi

StockAlgos

"one of the best, affordable stock research platforms that hosts stock picking competitionsā€

šŸ’µ finally making bank

ABNB 0.00 (airbnb) released q4 earnings and reported its first profitable year in 2022

  • that's right – 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

 
 

šŸ“ˆ 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

 
 

😐 the rally happened but it didn’t

  • 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 fed’s interest rate hike plans…

šŸ™ since our last post, 5 new apes have joined – if you’re enjoying our content, please share with your friends to check it out and subscribe!

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šŸ’” something im thinking about

kids in 1966 predicting 2000 (click image)

as always, i’m no financial advisor! (i’m no substitute for professional financial services)
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🦧 first profit ever, finally

www.wiseape.fyi
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