Airbnb (NASDAQ: ABNB) reported Q2 EPS of $0.98, $0.18 better than the analyst estimate of $0.80. Revenue for the quarter came in at $2.5 billion versus the consensus estimate of $2.42 billion.

GUIDANCE:

Airbnb sees Q3 2023 revenue of $3.3-3.4 billion, versus the consensus of $3.22 billion.

• For Q3 2023, we expect to deliver revenue of $3.3 billion to $3.4 billion, which represents year-over-year growth of between 14% and 18%, and a few points lower excluding the impact of FX. We anticipate that our implied take rate (defined as revenue divided by GBV) in Q3 2023 will be higher than Q3 2022.
• We expect a modest sequential increase in the year-over-year growth rate of Nights and Experiences Booked from Q2 2023 to Q3 2023. We believe revenue growth will outpace Nights and Experiences Booked growth in the third quarter, due to the continued resilience of ADR (including the impact of FX). While our new Host pricing tools have had a moderating effect on ADR in the quarter, we expect upward pressure on ADR from FX rates and listing type mix shift to outweigh their impact and drive a year-over-year increase in ADR in Q3 2023.
• We expect a record-high Adjusted EBITDA in Q3 2023 on a nominal basis and an Adjusted EBITDA margin that exceeds Q3 2022. For the full-year 2023, we expect an Adjusted EBITDA margin that is modestly higher than the full-year 2022.

For earnings history and earnings-related data on Airbnb (ABNB) click here.