Why ABNB earnings will be an absolute banger
Posted: May 08, 2024
- Airbnb is reporting strong earnings with $1.8 billion in revenue - Net income is up to $117 million compared to a loss of $19 million last year - Free Cash Flow is at $1.6 billion, leading to share buybacks - Travel trends are evolving, with a 19% increase in bookings and a 36% spike in cross-border bookings - Supply growth includes an 18% increase in listings - Analysts are bullish on Airbnb's performance - Airbnb is capitalizing on new travel behaviors and long-term trends - Consider buying Airbnb shares for growth and stability, but options premiums may impact profitability
Summarized top reddit comments: - Some users are considering buying puts on ABNB - Some users believe that ABNB earnings will be strong - Some users are concerned about bans on short term rentals affecting ABNB - Some users have stopped using ABNB and prefer hotels or using credit card points for free stays - Some users are bullish on ABNB and have purchased puts - Some users believe that excitement around ABNB earnings is already priced in
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