Airbnb Inc reports results for the quarter ended March 31 - Earnings Summary

• Airbnb Inc ABNB.OQ reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of 41 cents. The mean expectation of twenty nine analysts for the quarter was for earnings of 24 cents per share. Wall Street expected results to range from 13 cents to 34 cents per share.

• Revenue rose 6.1% to $2.27 billion from a year ago; analysts expected $2.26 billion.

• Airbnb Inc's reported EPS for the quarter was 24 cents​.

• The company reported quarterly net income of $154 million.

• Airbnb Inc shares had risen by 2.1% this quarter and lost 7.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.4% in the last three months.​

• In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 16 "strong buy" or "buy," 25 "hold" and 5 "sell" or "strong sell." The average consensus recommendation for the online services peer group is also "hold"

• Wall Street's median 12-month price target for Airbnb Inc is $146.76

This summary was machine generated from LSEG data May 2 at 02:25 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)