27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Online home rental company Airbnb Inc (NASDAQ:ABNB) reported second-quarter financial results after the market close Thursday. Here are the key highlights.
What Happened: Airbnb reported second-quarter revenue of $2.5 billion, which was up 18% year-over-year. The revenue total beat a Street consensus estimate of $2.2 billion, according to data from Benzinga Pro.
The company reported earnings per share of 98 cents, which beat a Street consensus estimate of 71 cents per share.
Gross booking value in the second quarter was $19.1 billion, which was up 13% year-over-year. The company saw 115.1 million nights and experiences booked in the second quarter, which was up 11% year-over-year.
The company said guests are traveling farther, with cross-border nights booked up 16% year-over-year. Guests are also staying longer during their bookings, with nights booked from long-term stays (28 nights or longer) representing 18% of total gross nights booked in the second quarter.
Related Link: Airbnb Stock Set To Benefit From Strong Travel Environment, Analyst Says
What’s Next: The company is guiding for third-quarter revenue to come in a range of $3.3 billion to $3.4 billion, which would be up 14% to 18% year-over-year, respectively. The estimate from analysts is $3.22 billion, according to data from Benzinga Pro.
The company said it expects nights and experiences booked to increase “modest” on a year-over-year basis in the third quarter.
Airbnb said revenue growth will likely outpace growth of nights and experiences in the third quarter.
ABNB Price Action: Airbnb shares are down 2% to $138.24 in after-hours trading versus a 52-week trading range of $81.92 to $154.95.
Read Next: 26 Year Old Gets Paid To Live In A Luxury Tiny Home In Her Own Backyard
Photo courtesy of Airbnb.
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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