Airbnb (ABNB) is scheduled to release its third-quarter 2024 financial results on November 7. Depending on the quarterly result, investors might find a stable price direction.
ABNB Earnings Projection
According to ABNB, third-quarter 2024 earnings will range from $3.67 billion to $3.73 billion, representing an 8–10% disclosed increase from the previous year.
Currently, the Analysts' Consensus Estimate for Q3 earnings stands at $3.72 billion, representing 9.58% annual growth.
The current consensus earnings mark is $2.17 per share, which is a penny lower than it was 30 days ago. The number represents a 9.21% drop from the revealed figure for the same quarter last year.
ABNB Growth Factor
Airbnb thrives thanks to its solid core business, wise investments, and growing international presence. It is expanding in both urban and rural regions thanks to resilient listings on its platform and solid traction in the marketplace, which links guests and hosts online.
Notably, Airbnb boasts over 7.7 million advertisements on its platform, spread throughout 100,000 cities in nearly every nation and region. These factors are anticipated to have influenced Airbnb's third-quarter fiscal 2024 outcomes.
It is anticipated that the rise in its gross nights reserved was driven by rising demand for both urban and international travel and growing momentum in rural regions. At 126 million, the Analysts' Consensus Forecast for Nights and Experiments reserved represents a 9.6% increase from the previous year.
