The stock of Airbnb Inc (ABNB) closed the recent trading session at $180.07, gaining 6.14% from the previous trading session. During the last check, the stock gained 3.63% to $186.6, in the after-market. The company announced the results for its fourth financial quarter of FY21. Airbnb Inc also filed form 8-K with the SEC to report the quarterly earnings.
ABNB Financials
On February 15, 2022, Airbnb announced the financial results for the fourth quarter of the fiscal year 2021. The key highlights of the earnings are
- Revenue of ABNB in the fourth quarter of FY21 was $1.53 billion against $859.2 million in the same quarter of FY20.
- Diluted earnings per share (EPS) was $0.08 in Q4 of FY21 versus a loss per share of $11.24 in Q4 of FY20.
- Net income of the company for Q4 of the fiscal year 2021 was $54.5 million as compared to the loss of $3.8 billion in the same quarter last year.
- Adjusted EBITDA for Q4 of FY21 was $333.3 million
- Nights and experiences book for Q4 of 2021 were 73.4 million against 46.3 million the same quarter of the fiscal year 2020.
- Gross booking value for Q4 of FY21 was reported to be $11.2 billion versus $5.9 billion in Q4 of FY20.
The Chief Executive Officer (CEO) of ABNB, Brain Chesky, announced that he’ll likewise be living on Airbnb, remaining in an alternate town or city every two or three weeks. He added that there is an increase in this new classification of travel. The individuals are less fastened to an office, so they can now live and work from anywhere.
About Airbnb
Airbnb, Inc (ABNB) is an organization that works as a web-based commercial centre for housing, fundamentally homestays for vacation rentals and tourism activities. The platform is open by means of a website and mobile application. The company has its headquarter in San Francisco, United States of America (USA).
