Airbnb shares fall despite Q3 beat, expects booking growth to moderate slightly
GoodLifeStudio


Airbnb (NASDAQ:ABNB): Q3 GAAP EPS of $1.79  beats by $0.33.
Revenue of $2.88B (+28.6% Y/Y)  beats by $30M.
Q3 nights and experiences booked 99.7M (+25% Y/Y).
Q3 gross booking value $15.6B (+31% Y/Y).
Says most profitable quarter ever with $1.2B of net income.

Says "guest demand remains strong" and co is "seeing strong growth in the number of new Hosts on Airbnb."
ABNB sees Q4 revenue of $1.80B to $1.88B, compared to consensus revenue estimate of $1.86B.
ABNB expects "revenue as a share of GBV to decrease in Q4 2022 relative to Q3 2022, consistent with historical seasonality."
On a Y/Y basis, co expects nights and experiences booked growth to moderate slightly in Q4 relative to Q3.
ABNB expects Q4 adj. EBITDA margin to be in-line to modestly higher than last year's margin of 22%.
Press release
Shares -9.6% after hours.