Following its decision to lay off a quarter of its staff early in the pandemic and focus on profitability, Airbnb has delivered on that promise. In its second quarter, it posted an adjustedEBITDAmargin of 34% on revenue growth of 58% to $2.1 billion.
Those are stellar numbers, showing that so far the company has been unbothered by fears of a recession. The economy looks strong for now as unemployment remains low and consumers are happy to spend on travel, but Airbnb investors should keep an eye on the macro environment, as rising rates could pose a risk for the home-sharing stock.$Airbnb, Inc.(ABNB)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
K
Nice