Is It Too Late to Buy Airbnb Stock?

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Is It Too Late to Buy Airbnb Stock?

Motley Fool2022-05-08

Airbnb (ABNB -5.07%) posted its first-quarter earnings report on May 3. The short-term rental platform's revenue rose 70% year over year to $1.51 billion, which beat analysts' estimates by $60 million...

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Across the Straits
·2022-05-10
Agrees with the analysis. Airbnb should have a long runway to grow.
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Mr Mooney
·2022-05-09
Too early to buy
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The short-term rental platform's revenue rose 70% year over year to $1.51 billion, which beat analysts' estimates by $60 million...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/08/is-it-too-late-to-buy-airbnb-stock/\">Source Link</a>\n\n</div>\n","source":"fool_stock","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Is It Too Late to Buy Airbnb Stock?</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIs It Too Late to Buy Airbnb Stock?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-05-08 00:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/05/08/is-it-too-late-to-buy-airbnb-stock/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Airbnb (ABNB -5.07%) posted its first-quarter earnings report on May 3. The short-term rental platform's revenue rose 70% year over year to $1.51 billion, which beat analysts' estimates by $60 million...</p>\n\n<a href=\"https://www.fool.com/investing/2022/05/08/is-it-too-late-to-buy-airbnb-stock/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4142","symbol_name":"酒店、度假村与豪华游轮","start_time":0,"source_url":"https://www.fool.com/investing/2022/05/08/is-it-too-late-to-buy-airbnb-stock/","article_id":"2233962553","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2233962553","pubTimestamp":1651939200,"sourceInfo":{"source_id":"fool_stock","name":"Motley Fool"},"weMediaInfo":null,"summary":"A close look at the short-term rental platform suggests it's still a resilient investment.","collect":0,"end_time":0,"defaultTopTitle":"fool.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4142":"酒店、度假村与豪华游轮","BK4535":"淡马锡持仓","ABNB":"爱彼迎","BK4561":"索罗斯持仓","BK4505":"高瓴资本持仓","BK4566":"资本集团"},"translate_title":"现在买爱彼迎股票是否太晚了？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ABNB":1},"content_text":"Airbnb (ABNB -5.07%) posted its first-quarter earnings report on May 3. The short-term rental platform's revenue rose 70% year over year to $1.51 billion, which beat analysts' estimates by $60 million.\nIts net loss narrowed from $1.17 billion to just $19 million, or $0.03 per share, which broadly beat analysts' expectations by $0.27. Its adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $229 million improved from a loss of $59 million a year earlier, and also represented the first time its Q1 adjusted EBITDA turned positive.\nThose headline numbers are impressive, but investors might be wondering if it's too late to buy Airbnb at these levels. The stock still trades at 13 times this year's sales and remains about 130% above its initial public offering (IPO) price. That price has stayed more or less flat over the past three months, even as rising interest rates and other macroeconomic headwinds ravaged higher-growth tech stocks. Let's dig deeper into Airbnb's business to see if it's still a worthwhile investment.\n\nImage source: Airbnb.\n\nHow fast is Airbnb growing?\nAirbnb's revenue declined 30% to $3.4 billion in 2020 as global travel ground to a halt during the pandemic. But in 2021, its revenue surged 77% to $6 billion as those headwinds waned. That post-lockdown recovery tracks with its year-over-year growth in nights and experiences booked, gross booking volume (GBV), and total revenue over the past year:\n      \n\n\n\nMetric\n\n% Growth (YOY)\n\n\nQ1 2021\nQ2 2021\nQ3 2021\nQ4 2021\nQ1 2022\n\n\n\nNights and experiences\n\n\n13%\n\n\n197%\n\n\n29%\n\n\n59%\n\n\n59%\n\n\n\n\nGBV\n\n\n52%\n\n\n320%\n\n\n48%\n\n\n91%\n\n\n67%\n\n\n\n\nTotal revenue\n\n\n5%\n\n\n299%\n\n\n67%\n\n\n78%\n\n\n70%\n\n\n\n\nData source: Airbnb. YOY = Year-over-year.\n\n\n\nAirbnb's post-lockdown recovery made it a more appealing investment than other pandemic-era growth plays like e-commerce, remote work, and food delivery companies, which now face difficult year-over-year comparisons.\nAirbnb's business model is also well protected from inflation. Budget-conscious travelers will likely stick with its short-term rentals instead of pricier hotels, while hosts will consistently rent out their properties to generate more passive income. Unlike Uber Technologies and Lyft, Airbnb doesn't have any exposure to rising fuel and labor costs. All those strengths shielded it from the broader sell-off across the tech sector.\n\nBottom-line growth is stabilizing\nIn 2020, Airbnb posted a whopping net loss of $4.6 billion and negative EBITDA of $251 million. But in 2021, net loss narrowed to $352 million and the company generated a positive adjusted EBITDA of $1.6 billion. Adjusted EBITDA margins have also stayed positive for five straight quarters:\n      \n\n\nMetric\nQ1 2021\nQ2 2021\nQ3 2021\nQ4 2021\nQ1 2022\n\n\n\nNet income (Millions)\n\n\n($1,172)\n\n\n($68)\n\n\n$834\n\n\n$55\n\n\n($19)\n\n\n\n\nAdjusted EBITDA margin\n\n\n(7%)\n\n\n16%\n\n\n49%\n\n\n22%\n\n\n15%\n\n\n\n\nData source: Airbnb.\n\n\n\nAirbnb's robust revenue growth and stabilizing margins boosted its free cash flow (FCF) 146% year over year to a record high of $1.2 billion in the first quarter. Its total cash, cash equivalents, marketable securities, and restricted cash also increased 41% to $9.3 billion.\nA rosy outlook for the rest of the year\nAirbnb expects its revenue to rise between 56% and 64% year over year in the second quarter. That estimate comes even as Russia's invasion of Ukraine continues to disrupt travel in Europe. In fact, the company pointed out that many of its users booked Airbnb rentals in Ukraine after the conflict broke out -- even though they didn't intend to actually travel there -- as a way to donate money to Ukrainian hosts.\nAs a result, roughly 600,000 nights were still booked in Ukraine during the first quarter for a total GBV of $20 million. That only represented 0.1% of its total GBV, but it demonstrates how Airbnb can weather geopolitical conflicts in more unconventional ways than traditional hotel chains. \nAt the end of April, Airbnb already had 30% more nights booked for the summer travel season compared to the same time in 2019, and said its growth from that pre-pandemic year was \"higher the further we look out this year.\" It also claims its guests are \"booking more than ever before\" and that they are staying longer in its properties.\n\n\n\nAs a result, analysts expect Airbnb's revenue and adjusted EBITDA to increase 38% and 50%, respectively, in 2022. They also expect that Airbnb will generate a full-year net profit of $1.21 billion.\nIt's not too late to buy Airbnb\nAirbnb has been a reliable investment over the past several months because it is able to face many macroeconomic headwinds in adoesn't face any meaningful macroeconomic headwinds.\nIt still faces some regulatory challenges and competition from cheaper hotels and traditional online travel agencies, but its growth rates indicate it's withstanding those challenges. Airbnb has now become synonymous with short-term rentals, and that brand recognition could ensure that it remains an attractive alternative to traditional hotels for many years to come.\nIts stock might seem a bit pricy right now, but I believe investors who accumulate more shares today will be well rewarded in the future.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9065855952,"gmtCreate":1652176143976,"gmtModify":1676535046117,"author":{"id":"3575674655879721","authorId":"3575674655879721","name":"Across the Straits","avatar":"https://community-static.tradeup.com/news/d89a3d8525c0463ae04e9a79c718c287","vip":1,"crmLevel":3,"crmLevelSwitch":1,"authorIdStr":"3575674655879721","idStr":"3575674655879721"},"htmlText":"Agrees with the analysis. Airbnb should have a long runway to grow.&nbsp;","listText":"Agrees with the analysis. Airbnb should have a long runway to grow.&nbsp;","text":"Agrees with the analysis. Airbnb should have a long runway to grow.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9065855952","repostId":2233962553,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9062704286,"gmtCreate":1652105149945,"gmtModify":1676535030072,"author":{"id":"3583044537429562","authorId":"3583044537429562","name":"Mr Mooney","avatar":"https://community-static.tradeup.com/news/6836340f20d36afa666f6d8d4b0a929d","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"3583044537429562","idStr":"3583044537429562"},"htmlText":"Too early to buy","listText":"Too early to buy","text":"Too early to buy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9062704286","repostId":2233962553,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":1,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}