Airbnb (ABNB) Shares Up 6% on Strong Q4 Results

Airbnb (NASDAQ: ABNB) shares were trading more than 6% higher after-hours following the company’s reported Q4 results, with revenue growing 78% year-over-year (or 38% vs. Q4/19) to $1.56 billion, beating the consensus estimate of $1.46 billion.

The company’s Q4 Nights and Experiences Booked came in at 73.4 million, up 59% year-over-year, reflecting continued strength in North America, EMEA, and Latin America.

Gross Booking Value (GBV) grew 91% year-over-year to $11.3 billion, driven by a strong recovery in Nights and Experiences Booked and higher Average Daily Rates (ADR).

The company expects Q1/22 revenue to range from $1.41 billion to $1.48 billion, reflecting strong growth in nights stayed and ADR relative to both Q1/21 and Q1/19.

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