Airbnb (ABNB) reported its Q4 earnings after the closing bell on Tuesday, beating analysts’ expectations on the top and bottom lines as revenue climbed 78% year-over-year.
The positive report came despite the spread of the Omicron variant during the 2021 holiday season, which saw residents in some parts of the world retreating back into their homes.
Here are the most important numbers from the report compared to what Wall Street was expecting from Airbnb.
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Revenue: $1.53 billion versus $1.46 billion expected
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Adj. earnings per share: $0.08 versus $0.03 expected
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Gross bookings: $11.3 billion versus $11.09 billion expected
Shares of Airbnb rose 6% following the announcement.
Airbnb, which went public in December 2020, suffered a massive blow to its top and bottom lines at the peak of the pandemic, with bookings value dropping 31% from Q4 2019 to Q4 2020.
Still, the company’s initial…
