Airbnb (NASDAQ:ABNB) is gearing up to announce its fourth-quarter 2023 results on February 13.
The company anticipates fourth-quarter revenues to fall within the range of $2.13 billion to $2.17 billion, suggesting a year-over-year growth between 12-14%.
Analysts’ consensus estimate for revenue stands at $2.16 billion, reflecting a growth of 13.7% compared to the year-ago quarter.
Earnings per share are estimated at 67 cents, marking a growth of 39.6% from the figure reported in the previous year.
In the past four quarters, Airbnb has consistently surpassed the Consensus Estimate, with an average beat of 49.99%.
Key Points to Watch
Airbnb’s performance in the fourth quarter is expected to benefit from strong momentum in Nights and Experiences booked across all regions, driven by increased demand among first-time bookers.
Analysts estimate a growth of 10.9% in fourth-quarter Nights and Experiences Booked compared to the previous year.
Additionally, the growing Average Daily Rate, fueled by a shift in the mix across EMEA and Asia Pacific regions, is likely to have a positive impact on the company’s performance in the upcoming quarter.
The company’s expansion efforts in international markets, particularly in Asia-Pacific, are expected to contribute to growth in cross-border travel during the fourth quarter.
Analysts anticipate a 12% growth in gross booking value (GBV) compared to the year-ago quarter, with a consensus estimate of $15.12 billion.
Airbnb’s focus on enhancing hosting awareness and introducing new features for hosts is expected to drive positive results in the fourth quarter.
Furthermore, strong momentum in active listings, driven by supply growth across all regions, is likely to bolster the company’s revenue performance.
However, challenges such as intense competition in the online travel market and macroeconomic uncertainties, including the impacts of geopolitical conflicts, may pose concerns for Airbnb in the fourth quarter.
Featured Image: Megapixl © Mohammedsoliman4
Author Stephanie Bédard-Châteauneuf 
