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.
Airbnb Inc (NASDAQ:ABNB) reported fourth-quarter financial results Tuesday after the close. Here’s a look at the key metrics from the quarter.
What Happened: Airbnb said fourth-quarter revenue increased 17% year-over-year to $2.22 billion, which beat the consensus estimate of $2.16 billion, according to Benzinga Pro. The company said its top-line results were driven by continued strength in travel demand as well as a foreign exchange rate tailwind.
Airbnb reported a quarterly loss of 55 cents per share. The company said it generated $63 million in net cash from operating activities and $46 million in free cash flow during the quarter. As of Dec. 31, Airbnb had $10.1 billion in cash, equivalents and short-term investments.
Gross booking value totaled $15.5 billion, up 15% year-over-year. Nights and Experiences booked came in at 98.8 million, up 12% year-over-year. Average daily rates came in at $157 in the fourth quarter, up 3% year-over-year.
Airbnb also announced that its board approved a share repurchase program of up to $6 billion.
“We remain committed to maintaining financial discipline and delivering strong profitability. We also believe we have meaningful growth opportunities ahead,” the company said in a letter to shareholders.
Outlook: Airbnb sees first-quarter revenue in the range of $2.03 billion to $2.07 billion versus estimates of $2.03 billion. The company expects its take rate to be notably higher on a year-over-year basis.
Nights booked growth is expected to moderate in the first quarter and average daily rates are expected to be flat to slightly up.
Airbnb anticipates full-year adjusted EBITDA growth for full-year 2024. The company expects to maintain a full-year adjusted EBITDA margin of at least 35%.
Management will hold a conference call to discuss these results at 4:30 p.m. ET.
Don’t Miss This: Airbnb Will Benefit From ‘Healthy’ Travel Conditions, Analyst Says Ahead Of Q4 Earnings
ABNB Price Action: Airbnb shares were flat after hours at $151.10 at the time of publication, according to Benzinga Pro.
Photo: Shutterstock.
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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