$Airbnb, Inc.(ABNB)$ has just released their latest Q1 Earnings report today and it was fantastic!
Q1 revenue of USD 1.5 billion grew 70% year on year. It also exceeded pre pandemic Q1 2019 revenue by 80%. The strong revenue growth was driven by the combination of growth in Nights and Experiences booked. This is despite the ongoing pandemic, the war in Ukraine and macro economic headwinds.
Q1 Adjusted EBITDA of USD 229 million was Airbnb first profitable Q1. Q1 free cash flow exceeded USD1 billion. Q1 2022 free cash flow of USD1. 2 billion was an all time high, up from USD611 million in Q1 2021. This is driven by revenue growth as well as margin expansion.
I am optimistic about the future of $Airbnb, Inc.(ABNB)$ as there will be exponential growth ahead. $Airbnb, Inc.(ABNB)$ has been on a downward trend recently and this is a great time to buy $Airbnb, Inc.(ABNB)$ before the share price jumps further.
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Good to buy now?