5 Must-Watch Quarterly Reports

4. Airbnb, Inc. (NASDAQ:ABNB)

Number of Hedge Fund Holders: 58

Shares of Airbnb, Inc. (NASDAQ:ABNB) hit a nearly eight-month high on Friday, 5 November 2021, after announcing solid profit and sales for the third quarter, mainly driven by an acceleration in travel rebound.

Airbnb, Inc. (NASDAQ:ABNB) said its earnings skyrocketed 220 percent on a year-over-year basis to $1.22 per share, crushing the consensus forecast of 72 cents per share. Revenue for the quarter also climbed 70 percent versus last year to $2.2 billion, ahead of analysts’ average estimate of $2.06 billion.

Moreover, the company issued its sales outlook for the fourth quarter. Airbnb, Inc. (NASDAQ:ABNB) expects revenue in the range of $1.39 billion – $1.48 billion, compared to the consensus forecast of $1.44 billion.

Discussing the results, CEO Brian Chesky said:

“The third quarter was Airbnb’s best quarter yet. The pandemic has led to a revolution in how we live, work and travel and we’re constantly innovating to meet this new way of traveling and living.”