What to expect from Airbnb's (ABNB) Q3 earnings

What happened

Airbnb is scheduled to report its third-quarter results this Thursday after the market closes. Analysts expect revenue to grow 15.9% year over year, compared with 9.7% growth in the same quarter last year. Last quarter, Airbnb reported $3.61 billion in revenue and 148 million nights booked.

Confirmed

Global impact / market context

Revenue growth and nights booked help show whether travel demand is translating into business for Airbnb. If results fall short of expectations, investors could reassess expected revenue growth; stronger results could support confidence in the company’s ability to sustain its recent expansion.

Analyst inference

Analysts have generally reaffirmed their estimates over the past 30 days, while the article says Airbnb has often exceeded Wall Street expectations. Peer results were mixed: Booking’s revenue fell and missed expectations, while Fiverr’s revenue declined but exceeded estimates.

Confirmed

What to watch

1. Compare reported revenue growth with the 15.9% year-over-year expectation; a shortfall could weaken confidence in near-term growth, while an increase could reinforce it. Analyst inference
2. Check nights booked against last quarter’s 148 million and 10.4% annual growth, since booking volume can indicate whether demand is supporting Airbnb’s revenue. Analyst inference
3. Look for Airbnb’s reported results this Thursday after market close; the article provides expectations but does not state the outcome or any company guidance. Confirmed

Evidence

• stockstory.org