Reuters
2022.08.03 04:59

Airbnb Reports Q2 Revenue Of $2.1 Billion

Aug 2 (Reuters) - Airbnb Inc:

Aug 2 (Reuters) - Airbnb Inc (ABNB.O) :

  • AIRBNB - Q2 REVENUE OF $2.1 BILLION, UP 58%, DEMONSTRATING CONTINUED STRONG DEMAND

  • AIRBNB - QTRLY GROSS BOOKING VALUE $17.0 BILLION, UP 27%

  • AIRBNB - EXPECT TO DELIVER Q3 2022 REVENUE BETWEEN $2.78 BILLION AND $2.88 BILLION

  • AIRBNB - Q2 2022 NIGHTS AND EXPERIENCES BOOKED REACHED 103.7 MILLION, UP 25% YOY

  • AIRBNB - QTRLY NET INCOME PER SHARE ATTRIBUTABLE TO CLASS A AND CLASS B STOCKHOLDERS OF $0.56

  • AIRBNB - Q3 REVENUE OUTLOOK INCLUDES SIGNIFICANT HEADWIND FROM FOREIGN EXCHANGE FLUCTUATIONS RELATIVE TO LAST YEAR

  • AIRBNB - EXPECT Q3 2022 ADJUSTED. EBITDA TO BE STRONGEST QTRLY ADJUSTED. EBITDA YET, UP MEANINGFULLY ON NOMINAL BASIS FROM LAST YEAR

  • AIRBNB - EXPECT Q3 2022 ADJUSTED. EBITDA MARGIN TO BE AT OR SLIGHTLY BELOW LAST YEAR’S ALL-TIME HIGH MARGIN OF 49% PRIMARILY DUE TO TIMING OF EXPENSES

  • AIRBNB - CONTINUE TO FORECAST DELIVERING ADJUSTED. EBITDA MARGIN EXPANSION FOR FULL-YEAR 2022 RELATIVE TO 2021

  • AIRBNB - EXPECT REVENUE AS A SHARE OF GBV TO INCREASE IN Q3 2022 RELATIVE TO Q2 2022

  • AIRBNB - IN Q3 2022, EXPECT NIGHTS AND EXPERIENCED BOOKED YOY GROWTH TO BE STABLE WITH YOY GROWTH IN Q2 2022

  • AIRBNB - IN Q3 2022, ANTICIPATE SLIGHTLY HIGHER ADRS THAN IN Q3 2021 RESULTING IN MODEST ACCELERATION IN GBV GROWTH

  • AIRBNB - BOARD APPROVED SHARE REPURCHASE PROGRAM WITH AUTHORIZATION TO PURCHASE UP TO $2 BILLION OF CLASS A COMMON STOCK

  • AIRBNB - DUE TO STRENGTHENING U.S. DOLLAR IN Q2, ESPECIALLY VERSUS EURO, REVENUE & GBV, EXCLUDING FOREX EFFECTS SIGNIFICANTLY HIGHER THAN AMOUNTS REPORTED

  • AIRBNB - FOR FORESEEABLE FUTURE, DO NOT EXPECT SUBSTANTIAL RESTRUCTURING CHARGES; HIRING PLAN TO INCREASE HEADCOUNT UNCHANGED FROM BEGINNING OF YEAR

  • AIRBNB - UNEARNED FEES TOTALED $2.0 BILLION AT END OF Q2 2022

  • AIRBNB - ADR AVERAGED $164 IN Q2 2022, REPRESENTING 1% INCREASE YOY AND 40% INCREASE VERSUS 2019

  • AIRBNB - SAW FURTHER IMPROVEMENT IN BOTH LONGER-DISTANCE & CROSS-BORDER TRAVEL DURING Q2 VERSUS Q1

  • AIRBNB - CONTINUE TO EXPECT ASIA PACIFIC, INCLUDING OUTBOUND TRAVEL FROM CHINA, TO REPRESENT A SIGNIFICANT GROWTH OPPORTUNITY OVER LONG TERM

  • AIRBNB - IN JULY, ALL MAINLAND CHINESE LISTINGS TAKEN DOWN BASED ON DECISION TO EXIT DOMESTIC CHINA BUSINESS; TODAY, HAVE OVER 6 MILLION ACTIVE LISTINGS

  • AIRBNB - GLOBAL CANCELLATION RATES IN Q2 REMAINED SLIGHTLY HIGHER THAN 2019 LEVELS, BUT BELOW 2021 AND 2020 LEVELS

  • AIRBNB - SEEING PRE-PANDEMIC PATTERNS OF SEASONALITY RETURN IN 2022

  • AIRBNB - AIRBNB IS WELL POSITIONED FOR WHATEVER LIES AHEAD

  • AIRBNB - SINCE END OF Q2, SEEN GROWTH IN NIGHTS BOOKED VERSUS LAST YEAR REACCELERATE FROM JUNE TO JULY AS WE ENTER PEAK TRAVEL SEASON Further company coverage: (ABNB.O)

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