5 Earnings Reports Drawing Attention

3. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 58

Shares of Airbnb, Inc. (NASDAQ:ABNB) recently jumped to a two-month high following its impressive financial results for the fourth quarter, helped by continued recovery from the coronavirus pandemic.

Airbnb, Inc. (NASDAQ:ABNB) reported adjusted earnings of 8 cents per share, beating expectations of 3 cents per share. In addition, the quarterly revenue of $1.5 billion was up nearly 80 percent versus last year and above analysts’ average estimate of $1.46 billion.

The California-based online marketplace for lodging also released its sales outlook for the first quarter. Airbnb, Inc. (NASDAQ:ABNB) expects to generate revenue in the range of $1.41 – $1.48 billion for the current quarter, above expectations of $1.24 billion.

Discussing the results, CEO Brian Chesky said in a statement:

“The fourth quarter was another record quarter and 2021 was the best year in Airbnb’s history – despite the global pandemic. We are amidst the biggest change to travel since the advent of commercial flying. Airbnb’s adaptable model and relentless innovation are making it possible for us to grow this new category of travel we created.”