Airbnb earnings: What to expect

Airbnb (ABNB) reports its second quarter results after the closing bell today. Analysts will be paying close attention to any commentary on how the Delta variant could impact travel bookings.

Here are Wall Street consensus estimates compiled by Bloomberg.

  • Revenue of $1.27 billion

  • Negative free cash flow of $77.8 million

  • Loss per share of 36 cents 

This past spring the travel industry saw a rebound as lockdowns eased and vaccinated vacationers ventured out. However the threat of new cases due to the Delta variant could put a hamper on the recovery. 

Airbnb was one of the first companies to be affected at the pandemic outbreak last year. It quickly raised debt and laid off about 25% of its workers to stay afloat. 

However staycations and shorter travel distances became a saving grace for the company as restrictions eased and vacationers looked to work from home in more rural areas for longer periods of time.  

For the first quarter of 2021, Airbnb said 24% of nights booked came from stays of at least 28 days versus 14% in 2019.

Airbnb went public in December of 2020. On opening day shares jumped 115% above the company’s IPO price of $68. 

The stock reached a high of $219.94 in February. 

Ines is a markets reporter covering stocks from the floor of the New York Stock Exchange. Follow her on Twitter at @ines_ferre

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Harry Byrne

Harry Byrne

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