Expedia Is A Better Buy Than Airbnb (NASDAQ:EXPE)

Airbnb (ABNB) is one of the most impressive companies that has gone public over the last few years.

Financials have been robust, with top line sales growth of more than 3x since 2017, even when taking into account Covid, which acted as a massive headwind for the entire travel industry. TTM FCF per share has also kept pace, reaching new highs quarter after quarter like clockwork:

However, despite this massive growth, the stock is mostly unchanged from its IPO price.

Strengthening financials have been offset by a falling multiple, and as a result, the stock has remained mostly rangebound, between $100 and $150 for the last year or so.

There’s no question that the stock is a better ‘deal’ right now than when it first IPO’d in 2021.

However, competitors have begun to make moves against the company, attempting to take share away from Airbnb’s massive lead in the ‘vacation rental by owner’ category.

Expedia (NASDAQ:EXPE), with its growing VRBO brand, is one…