Airbnb (ABNB) Stock Keeps Climbing. Here’s What’s Fueling the Run
TLDR
- Airbnb’s Q2 revenue rose 17% year over year to $3.6 billion, beating estimates
- EPS came in at $1.37, topping the $1.26 consensus forecast
- Free cash flow surged 30% to $1.25 billion in the quarter
- CEO Brian Chesky says AI has been rebuilt into Airbnb’s core operations
- Analysts hold a “Moderate Buy” consensus with an average price target of $172
Airbnb (ABNB) stock climbed again on Thursday, extending gains after the company’s strong second-quarter earnings report. The stock opened at $180.10 and hit an intraday high of $185.33, close to its 52-week high of $187.12.
Q2 revenue came in at $3.61 billion, up 16.3% year over year and ahead of the $3.58 billion analyst estimate. EPS of $1.37 beat the consensus of $1.26 by $0.11.
Nights and seats booked grew 10% to 148.3 million in the quarter. Gross booking value rose 16% to $27.2 billion. Travel demand tied to the FIFA World Cup was a tailwind.
Free cash flow jumped 30% to $1.25 billion, giving the company room to pursue acquisitions and expand its platform.
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