SmokyStock
11 months ago
BNB stood out among the top 10 cryptocurrencies, rising 0.94% in 24 hours and 2.98% in the past week.
Bitcoin became the second-largest blockchain for daily NFT sales, surging by 179% to $1.2 million, thanks to a 268% rise in $SATS BRC-20 NFTs, making it the fourth largest collection in daily sales across all chains. Ethereum's 24-hour NFT sales grew by 18.37% to $5.06 million, with CryptoPunks sales increasing by 254%, making it the second-largest NFT collection by daily sales volume across all blockchains at $880,422.
eastunder
2 years ago
Airbnb reports record-breaking bookings, announces $2 billion buyback
PUBLISHED TUE, AUG 2 20224:03 PM EDT
Sofia Pitt
https://www.cnbc.com/2022/08/02/airbnb-abnb-earnings-q2-2022.html
KEY POINTS
Revenue jumped 58% year-over-year to $2.1 billion helping to drive the companyβs most profitable second quarter to date.
Airbnb reported net income of $379 million, up from a loss of $68 million in the year-ago quarter.
The company also announced a $2 billion stock buyback program.
In this article
ABNB
-10.29 (-8.84%)
After Hours
Brian Chesky, CEO and Co-founder of Airbnb
Airbnb beat Wall Street estimates for earnings and posted revenue that met expectations for the second quarter. The company also announced a $2 billion share buyback program.
Airbnb, like Uber, benefited from an increase in consumer spending on activities as opposed to goods. Revenue jumped 58% year-over-year to $2.1 billion helping to drive the companyβs most profitable second quarter to date.
Shares were down about 9%, despite what appeared to be a strong report, suggesting Wall Street was looking for even greater growth and a revenue beat.
Here are the key numbers:
Earnings per share: $0.56 vs. $0.43 expected by analysts, according to Refinitiv.
Revenue: $2.10 billion vs. $2.11 billion expected by analysts, according to Refinitiv.
Airbnb reported net income of $379 million, up from a loss of $68 million in the year-ago quarter.
The company said it tightened spending at the height of the pandemic, which helped make it leaner and more focused, and that itβs adapted its business as travel continues to change.
Airbnb anticipates record revenue during the third quarter despite headwinds from foreign exchange fluctuations, specifically the weakening euro versus the dollar. It guided third quarter revenue to land between $2.78 billion and $2.88 billion, ahead of StreetAccountβs $2.77 billion estimate. The company said it broke a single-day revenue record on July 4, which it says signals a strong summer season ahead.
For the second quarter, Airbnb reported more than 103 million nights and experiences booked. Itβs the companyβs largest quarterly number ever, but fell short StreetAccount estimates of 106.4 million nights and experiences booked.
Gross booking value, which Airbnb uses to track host earnings, service fees, cleaning fees and taxes, totaled $17 billion in the second quarter, thatβs up 27% year over year.
And while many companies are calling employees back to the office, long-term stays, where guests stay in a home for 28 days or more, remained Airbnbβs fastest-growing segment, with 25% growth over the year-ago quarter.
The company said gross nights booked for cross-border travel surpassed pre-pandemic levels during the quarter and doubled compared to the same quarter last year.
Average daily rates rose 40% when compared to pre-pandemic levels in 2019, reaching $164. Thatβs up 7% from the same quarter a year ago, excluding the effects of currency fluctuations. The company anticipates ADR to be flat in the third quarter on a year-over-year basis.
donwillems
3 years ago
As much as I hate to say it raising rates will only affect tech companies more, most of these companies have big liabilities, gues what happens when rates go up... les profits.
anyway, made good money on this one, they have been succesfull in turning the sails in heavy waters drilling for new income sources, good company here! Market agrees with me.
eastunder
3 years ago
Airbnb 2nd Q earnings 8-12 (After market closes)
SAN FRANCISCO, July 29, 2021 /PRNewswire/ -- Airbnb, Inc. (NASDAQ: ABNB) today announced that the company's second quarter 2021 financial results will be released after market close on Thursday, August 12, 2021. The company's shareholder letter will be made available on the Airbnb Investor Relations website at https://investors.airbnb.com.
Airbnb will host an audio webcast to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The link to the webcast will be made available on the Investor Relations website at https://investors.airbnb.com.
Interested parties can register for the call in advance by visiting http://www.directeventreg.com/registration/event/1468538. After registering, instructions will be shared on how to join the call.
Following the call, a replay of the webcast will be available at the same Investor Relations website. A telephonic replay will be also available for three weeks following the call at (800) 585-8367 or (416) 621-4642 using conference ID: 1468538.
About AirbnbAirbnb was born in 2007 when two Hosts welcomed three guests to their San Francisco home, and has since grown to 4 million Hosts who have welcomed more than 900 million guest arrivals across over 220 countries and regions. Every day, Hosts offer unique stays and one-of-a-kind activities that make it possible for guests to experience the world in a more authentic, connected way. Providing hosted travel and the ability to live anywhere on a global scale, Airbnb has become a noun and a verb and most traffic to our platform remains organic. We will continue to invest in innovations that expand the travel market and lead the way in turning travel into a way of life.
CI Ventures
4 years ago
Airbnb to Announce Fourth Quarter and Full Year 2020 Results
SAN FRANCISCO, Feb. 8, 2021 /PRNewswire/ -- Airbnb, Inc. (NASDAQ: ABNB) today announced that the company's fourth quarter and full year 2020 financial results will be released after market close on Thursday, February 25, 2021. The company's shareholder letter will be made available on the Airbnb Investor Relations website at https://investors.airbnb.com.
CI Ventures
4 years ago
Airbnb to Announce Fourth Quarter and Full Year 2020 Results
SAN FRANCISCO, Feb. 8, 2021 /PRNewswire/ -- Airbnb, Inc. (NASDAQ: ABNB) today announced that the company's fourth quarter and full year 2020 financial results will be released after market close on Thursday, February 25, 2021. The company's shareholder letter will be made available on the Airbnb Investor Relations website at https://investors.airbnb.com.