Airbnb (NASDAQ:ABNB) Full Year 2023 Results
Key Financial Results
Revenue: US$9.92b (up 18% from FY 2022).
Net income: US$4.79b (up 153% from FY 2022).
Profit margin: 48% (up from 23% in FY 2022). The increase in margin was primarily driven by lower expenses.
EPS: US$7.50 (up from US$2.97 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Airbnb EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 12%.
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in the US.
Performance of the American Hospitality industry.
The company’s shares are up 4.7% from a week ago.
Risk Analysis
Before we wrap up, we’ve discovered 1 warning sign for Airbnb that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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