Airbnb Stock Intrinsic Value – AIRBNB Reports Record-Breaking Earnings for Q2 2023
August 7, 2023
🌥️Earnings Overview
On June 30th 2023, AIRBNB ($NASDAQ:ABNB) announced its second-quarter earnings results for the 2023 fiscal year. Total revenue for the quarter was USD 2484.0 million, an 18.1% increase year-over-year. Net income also saw a notable increase of 71.6%, coming in at USD 650.0 million.
Stock Price
On Thursday, the US travel giant AIRBNB reported record-breaking earnings for their second quarter of 2023. Shares opened at $140.9, slightly lower than the previous closing price of $144.6, and closed the day down 2.5%. This growth, coupled with the company’s continued focus on providing quality service and building strong customer relationships, has allowed them to remain one of the most successful travel companies in the world.
Overall, AIRBNB’s record-breaking Q2 earnings are a testament to their resilient business model and ongoing success in the travel industry. With plans to expand into new markets and continue to innovate their services, it should be interesting to watch how AIRBNB performs in the coming months and years. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Airbnb. AIRBNB_Reports_Record-Breaking_Earnings_for_Q2_2023″>More…
| Total Revenues | Net Income | Net Margin |
| 9.09k | 2.3k | 25.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Airbnb. AIRBNB_Reports_Record-Breaking_Earnings_for_Q2_2023″>More…
| Operations | Investing | Financing |
| 3.92k | -402 | -1.89k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Airbnb. AIRBNB_Reports_Record-Breaking_Earnings_for_Q2_2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 21.19k | 16.13k | 7.98 |
Key Ratios Snapshot
Some of the financial key ratios for Airbnb are shown below. AIRBNB_Reports_Record-Breaking_Earnings_for_Q2_2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.5% | 207.0% | 26.8% |
| FCF Margin | ROE | ROA |
| 42.8% | 29.4% | 7.2% |
Analysis – Airbnb Stock Intrinsic Value
At GoodWhale, we have conducted an analysis of AIRBNB‘s financials. Our proprietary Valuation Line has calculated the intrinsic value of AIRBNB share to be around $208.8. However, AIRBNB stock is currently being traded at $140.9 – which is below its intrinsic value by 32.5%. This indicates that AIRBNB stock is currently undervalued by the market and is presenting an attractive buying opportunity for investors. More…
Peers
Airbnb Inc is an American online marketplace that connects people who need a place to stay with people who need to rent out extra space. Its competitors are Booking Holdings Inc, Expedia Group Inc, Marriott International Inc.
– Booking Holdings Inc ($NASDAQ:BKNG)
Booking Holdings Inc. is a global technology platform for the travel and tourism industry. The company connects travelers with the world’s largest selection of travel options, including flights, hotels, cars, tours, and activities. The company also operates a number of travel websites, including Booking.com, Kayak.com, and OpenTable.com.
Booking Holdings Inc. has a market cap of $74.23 billion as of 2022. The company has a return on equity of 35.49%. Booking Holdings Inc. operates a number of travel websites, including Booking.com, Kayak.com, and OpenTable.com. The company connects travelers with the world’s largest selection of travel options, including flights, hotels, cars, tours, and activities.
– Expedia Group Inc ($NASDAQ:EXPE)
Expedia Group Inc is a publicly traded company with a market capitalization of $14.73 billion as of 2022. The company has a return on equity of 28.99%. Expedia Group Inc is a global online travel company that operates a number of travel-related websites, including Expedia.com, Hotels.com, and Travelocity. The company also owns and operates a number of other travel-related businesses, including eLong and trivago.
– Marriott International Inc ($NASDAQ:MAR)
Marriott International Inc is a publicly traded company with a market capitalization of $51.96 billion as of 2022. The company operates in the hotel and lodging industry and has a portfolio of over 7,000 properties in more than 130 countries and territories. Marriott International Inc reported a return on equity of 90.72% for the year ended December 31, 2020.
Summary
Investors are encouraged by Airbnb‘s strong financial performance for the second quarter of 2023. Revenue increased 18.1%, significantly higher than the same period last year, while net income grew an impressive 71.6%. This suggests that the company is managing their finances efficiently and continuing to expand their user base.
It also appears that their strategic investments are beginning to pay off. Going forward, investors should keep an eye on Airbnb’s ability to meet its financial targets and its ability to maintain its impressive growth trajectory.
