Airbnb Inc. (ABNB) PT Lowered to $205 at Evercore ISI

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Go back to Airbnb Inc. (ABNB) PT Lowered to $205 at Evercore ISI

Airbnb (ABNB) Shares Rally on Upbeat Q2 Forecast, Analyst Remain Cautious Amid Elevated Valuation

May 4, 2022 6:47 AM EDT

Airbnb (NASDAQ: ABNB) issued an upbeat revenue forecast for Q2, driving its shares up nearly 5% in premarket trading.

The company reported Q1 revenue of $1.51 billion, up 70% YoY and above the consensus estimates of $1.45 billion. Loss per share stood at 3c in the period, compared to the loss per share of $1.95 in the year-ago period.

ABNB reported a gross booking value of $17.2 billion, topping the consensus estimates of $15.91 billion. Gross booking... More