15 February Airbnb released its fourth quarter 2021 financial report. According to the company, Bookings returned to pre-pandemic levels. Airbnb also gave a good forecast for the current quarter..
Revenue and profit
Quarterly results and analyst expectations:
- revenue — 1.53 billion dollars, expectations - $1.46 billion;
- earnings per share - 0,08 $, expectations - 0,03 $.
The volume of bookings for the period amounted to 73 million nights. It's on 59% more, than in the crisis year 2020, and about the level of 2019. Since the rent for the year on average has risen in price by 20%, revenue grew even more: on 78 And 38% relative to the fourth quarter of 2019 and 2020.
Airbnb posts massive $3.9 billion loss in Q4 2020. Most of these were non-monetary expenses., for example, a bonus to managers in the form of shares. In the same quarter, the profit was 55 million dollars., free cash flow - $381 million.
The company once again announced the "tourist revolution". In connection with the transition to remote work, people began to travel longer. Over the past couple of years, the average rental length has grown by 15%, and rentals of seven or more days account for almost half of all bookings.
Forecast
According to Airbnb, she recovered quickly from the pandemic., and Omicron did not hit the business hard. According to company forecasts, in the first quarter of 2022, bookings will “significantly exceed 2019 levels”. The company expects revenue of 1.4-1.5 billion dollars. This is about 60-70% more, than in the first quarter 2019, 2020 and 2021.
Promotions
Airbnb shares rose by 4%, to 187 $. In February, papers were already added 20%, as the number of new COVID-19 infections began to decrease. Airbnb shares are currently trading at about 35% higher than IPO level. The company went public in the fourth quarter of 2020.
