Travel's Back, And It's In A Hurry: Booking And Airbnb's Strong Q2 Performance Signals Unwavering Demand
Portfolio Pulse from AJ Fabino
Travel companies Booking Holdings Inc (NASDAQ:BKNG) and Airbnb Inc (NASDAQ:ABNB) have reported strong Q2 earnings, defying industry expectations amid the ongoing pandemic. Booking reported earnings of $37.62 per share, surpassing the expected $28.80, with revenues of $5.46 billion, a 27.2% YoY growth. Airbnb reported Q2 revenue of $2.5 billion, an 18% YoY increase, beating the $2.2 billion consensus. Both companies anticipate continued growth.
August 04, 2023 | 7:50 pm
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POSITIVE IMPACT
Airbnb reported strong Q2 earnings and anticipates continued growth.
Airbnb's strong Q2 earnings and positive outlook suggest a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Booking Holdings reported strong Q2 earnings and anticipates continued growth.
Booking Holdings' strong Q2 earnings and positive outlook suggest a potential increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100