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- Unfair Sell-Off: AirBNB
Unfair Sell-Off: AirBNB
The famous marketplace for short-term apartment rental saw its stocks go down by 15% after the release of its very strong quarter report. Revenues and earnings beat analyst’s expectations and reached $2.9 billion, up by 29% year-on-year, and $1.2 billion, up by 46% year-on-year, respectively. The number of homestays grew by 25% year-on-year to 99.7 million, or by 31% year-on-year to $15.6 billion. Free cash flow (FCF) over the last 12 months was generated at $3.3 billion or 40% of the revenue. These are extremely strong solid numbers for a relatively young and rapidly growing venture.
Impressions are considered to become the fastest growing drivers for the company in the forthcoming future. The sales of photo sessions, excursions, and master classes – which are additional services for rentals - are expanding. Even the idea of traveling is being redesigned by AirBNB as now the user may scan interesting apartments he or she wants to rent, and then decide if they want to travel to the seaside or to snowy mountains.
BNB stocks are seen to be very attractive for long-term investments. The hospitality industry has greatly recovered from the pandemic, and is looking for a vast number of employees.
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