Please select the second broker
Airbnb (ABNB) and Etsy (ETSY) make gains after Q4 beats
Airbnb (ABNB) published its first post-IPO results on Friday and it proved to be a strong showing for the holiday rental company as revenue of $859m trumped the consensus by more than $100m.
Airbnb, which went public at the end of last year and raised around $3.5bn on its first day of trading, said that it was “preparing for the travel rebound” after a tough year for business.
While revenue did beat estimates, it was down 22% from the same period a year earlier, and its overall loss came in at $3.9bn following a $2.8bn charge related to its IPO.
Airbnb’s common shares were valued at $68 on its market debut in December, but have since surged to a trading high of $219.
ABNB made healthy gains on Friday after its report, rising 13.34% to $206.35 on the Nasdaq.
Airbnb is confident that there will be a softer annual decline in revenue in Q1, with the company already seeing “gradual improvements” in bookings from travellers.
It added: “As the vaccine is rolled out and restrictions lift, we expect there will be a significant travel rebound.”
Analysts believe that Airbnb is in a better position to benefit from that rally than rivals such as Expedia (EXPE).
Etsy (ETSY) shares climbed 11.48% during the final session of last week on its own robust Q4 report.
The online artisanal platform posted $1.08 earnings per share and $617m versus the $0.59 and $516m Wall Street consensus.
Earnings and revenue quadrupled and doubled, respectively, year over year as consumers embraced the company’s eclectic mix of goods during the pandemic.
Tesla (TSLA) CEO Elon Musk also recently stated “I kinda love Etsy” in a tweet.
Scam Brokers, Broker Complaints
Are you aware of a scam broker or want to make a broker complaint?
We want our site users to find good brokers to trade through and to be warned off bad brokers. We encourage you to use our complaints tool to let us know about your experiences.
We have categorised the common complaints to make it easier for you and we have provided some guidance on what you may want to try before submitting a complaint, if our suggestions do not provide you with a resolution then by submitting a complaint, our team will attempt to take up your case with the relevant Broker and if needed, submit a formal report to the regulators.
We use the information you give us to decide if we want to continue to promote a broker on our site.
Your scam broker complaint not only helps you, it helps others and it helps us determine if we continue to support the broker.