🦧 first profit ever, finally
🦧 first profit ever, finally
"one of the best, affordable stock research platforms that hosts stock picking competitions”
💵 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
📈 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…
🙏 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!
follow us on instagram & twitter :)
💡 something im thinking about
kids in 1966 predicting 2000 (click image)
