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Airbnb's fourth-quarter 2024 results reflect strong growth in nights and experiences, and platform enhancements, driving solid performance despite market challenges.
Airbnb shares popped 14% and were on pace for their best day on better-than-expected fourth-quarter earnings. The online rental platform offered light guidance for the current quarter and said it benefited this time last year from Easter and an extra day in February.
Notable outperformers this morning, Roku Inc (NASDAQ:ROKU) and Airbnb Inc (NASDAQ:ABNB) are surging after their fourth-quarter results beat expectations.
Shares of Airbnb Inc ABNB were climbing in early trading on Friday, after the company reported upbeat fourth-quarter results.
Shares of travel booking platform Airbnb (ABNB 15.54%) jumped on Friday after the company reported financial results for the fourth quarter of 2024. As of 9:45 a.m.
In this video, I will cover Airbnb's (ABNB 13.59%) latest earnings and explain why the stock is soaring on Friday. Watch the short video to learn more, consider subscribing, and click the special offer link below.
The short-term rental company plans to launch several new businesses over the next five years.
Stock futures were ricking lower in premarket trading Friday as investors readied for economic data releases and evaluated the latest tariff proposals.
Airbnb's shares surged 14% after earnings, reflecting a fair valuation at 20x forward free cash flow with 12% y/y growth expected in 2025. Heavy investments and over 500 new features aim to enhance the platform, setting Airbnb up for long-term growth beyond 2025. Despite low double-digit revenue growth, Airbnb's strong free cash flow generation and nearly 9% net cash position provide a margin of safety.
Airbnb is accessed by about 1.6 billion devices per year, according to CEO Brian Chesky, “but we're not a frequently used app.” To address this, the company is investing in refining its mobile app, streamlining the booking process, and offering a more tailored experience, Chesky explained during Airbnb's fourth-quarter earnings Thursday (Feb. 13).