Airbnb Seeing Q3 Revenue $3.3B-$3.4B Vs $3.22B Est.
Portfolio Pulse from Happy Mohamed
Airbnb expects Q3 2023 revenue to be between $3.3 billion and $3.4 billion, representing a YoY growth of 14% to 18%. The company anticipates a higher take rate in Q3 2023 compared to Q3 2022. Airbnb also expects a modest sequential increase in the YoY growth rate of Nights and Experiences Booked from Q2 2023 to Q3 2023. The company predicts a record-high Adjusted EBITDA in Q3 2023 and an Adjusted EBITDA margin that exceeds Q3 2022.
August 04, 2023 | 2:33 pm
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POSITIVE IMPACT
Airbnb's Q3 2023 revenue forecast exceeds estimates, indicating strong growth. This could positively impact the company's stock.
Airbnb's revenue forecast for Q3 2023 is higher than estimates, indicating strong growth. This positive outlook could increase investor confidence and drive up the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100