Airbnb Inc reports results for the quarter ended June 30 - Earnings Summary

• Airbnb Inc ABNB.OQ reported quarterly adjusted earnings of $1.02​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of thirty analysts for the quarter was for earnings of 93 cents per share. Wall Street expected results to range from 82 cents to $1.25 per share.

• Revenue rose 12.7% to $3.10 billion from a year ago; analysts expected $3.04 billion.

• Airbnb Inc's reported EPS for the quarter was $1.03​.

• The company reported quarterly net income of $642 million.

• Airbnb Inc shares had fallen by 1.8% this quarter and lost 1.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 0.8% 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 15 "strong buy" or "buy," 24 "hold" and 7 "sell" or "strong sell." The average consensus recommendation for the online services peer group is "buy."

• Wall Street's median 12-month price target for Airbnb Inc is $144.00, about 9.7% above its last closing price of $129.96

This summary was machine generated from LSEG data August 6 at 09:02 p.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)