Airbnb trades at $117.52 per share and has moved almost in lockstep with the market over the last six months. The stock has lost 10.9% while the S&P 500 is down 6.9%. This might have investors contemplating their next move.
Following the pullback, is now the time to buy ABNB? Find out in our full research report, it’s free.
Founded by Brian Chesky and Joe Gebbia in their San Francisco apartment, Airbnb (NASDAQ:ABNB) is the world’s largest online marketplace for lodging, primarily homestays.
As an online travel company, Airbnb generates revenue growth by increasing both the number of stays (or experiences) booked and the commission charged on those bookings.
Over the last two years, Airbnb’s nights and experiences booked, a key performance metric for the company, increased by 11.8% annually to 111 million in the latest quarter. This growth rate is strong for a consumer internet business and indicates people…
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