Airbnb (NASDAQ:ABNB) misses by $0.81, beats on revs, GBV up 52% yr/yr, expects Q2 revenue to be at a similar level to that of 2Q19.
Reports Q1 (Mar) loss of $1.95 per share, $0.81 worse than the S&P Capital IQ Consensus of ($1.14); revenues rose 5.4% year/year to $887 mln vs the $717.99 mln S&P Capital IQ Consensus. Gross Booking Value (GBV) up 52% yr/yr to $10.3 bln. Nights and Experiences Booked up 13% yr/yr to 64.4 mln.
Outlook: For Nights and Experiences Booked, ABNB expects Q2 2021 will be significantly higher than the highly depressed levels of Q2 2020, but below that of Q2 2019. ABNB expects GBV in Q2 2021 to be higher than that of Q2 2019, given the increase in ADR we have experienced since the pandemic began. For April, we have seen improving trends relative to March in both Nights and Experiences Booked and GBV.
Expects revenue in Q2 2021 to be significantly higher than that of Q2 2020, given the impact of COVID- 19 on the prior year period, and to be at a similar level to that of Q2 2019. In Q2 2021,
ABNB stock is up 0.80% 136.83 after falling 3.21% in the regular session.
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A hardcore tech enthusiast and computer expert Uson Abdilazhanov who holds a degree in communications started writing in his personal blogs since 2012. 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 building and repairing shop which helps a lot of designers and gamers who always like to try new things.