Airbnb: The Runway Is Still Long

Summary:

  • Despite an 80% boost in share price year to date, Airbnb’s strong fundamentals give the stock plenty of runway to rise higher.
  • Airbnb continues to enjoy double-digit growth in revenue, nights booked, and bookings dollars; while generative both pro forma and GAAP profits.
  • Competitor Expedia’s shift to its OneKey Rewards program, broadly seen as a devaluation, may push more market share in Airbnb’s direction.
  • The company’s push to improve supply in underpenetrated markets is a key growth tailwind going forward.

Young woman with a suitcase arriving at her vacation rental accommodation

NickyLloyd

Amid buoyant markets, it’s a great time for investors to step back and critically re-assess their portfolios to emphasize picking stocks that can outperform the broader indices throughout the rest of the year. And though tech has largely returned to


Analyst’s Disclosure: I/we have a beneficial long position in the shares of ABNB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


Leave a Reply

Your email address will not be published. Required fields are marked *