ABNB to Report Earnings Tomorrow: Revenue and EPS Outlook

Airbnb (NASDAQ:ABNB) will report earnings this Thursday after market close. Last quarter, the company posted revenue of $4.10 billion, up 9.7% year-on-year, and 133.6 million nights booked, up 8.8% year-on-year, exceeding revenue expectations. For this quarter, the consensus calls for revenue to rise 9.5% YoY to $2.72 billion, down from 11.8% in the same quarter last year, and adjusted EPS of $0.65 per share. Recent peer results show Electronic Arts revenue up 61.8% and Reddit up 69.7%, while broader consumer internet shares are down about 17.3% in the past month. ABNB is down 13.1% during that period, with an average analyst price target of $143.75 versus its current share price of $120.37.