Beats On Revenue and Misses on EPS – Own Snap
Airbnb (NASDAQ: ABNB) misses $ 0.81, beats on turns, GBV up 52% p.a., expects second quarter revenue to be at a similar level to 2Q19.
Reports a loss of $ 1.95 per share in the first quarter (March), which is $ 0.81 below the S&P Capital IQ consensus of ($ 1.14); Revenue grew 5.4% annually to $ 887 million from $ 717.99 million S&P Capital IQ Consensus. Gross reservation value (GBV) up 52% per year to $ 10.3 billion. Nights and experiences booked up 13% per year to 64.4 million.
Outlook: For Nights and Reserved Experiences, ABNB expects Q2 2021 to be significantly above the very depressed levels of Q2 2020, but below that of Q2 2019. ABNB expects GBV in Q2 2021 is higher than that of Q2 2019, given the increase in ADR that we have seen since the start of the pandemic. For April, we saw an improvement in the trends compared to March for booked nights and experiences and GBV.
Expects revenue in Q2 2021 to be significantly higher than in Q2 2020, given the impact of COVID-19 over the period of the previous year, and at a level similar to Q2 2019. In Q2 2021 ,
ABNB stock is up 0.80% to 136.83 after falling 3.21% in regular session.
Editor and IT specialist
Unconditional tech enthusiast and computer expert Uson Abdilazhanov with a degree in communication began writing in his personal blogs since 2012. At that time he was interested in the technical part of the computer. But now the software aspect plays an important role in his career. Currently he runs a PC build and repair shop that helps many designers and gamers who always like to try new things.