What's Going On With Airbnb Stock Friday?

Airbnb, Inc. ABNB stock is trading higher on Friday after the company reported 2024 fiscal-year fourth-quarter earnings on Thursday after the market closed.

What To Know: The company reported sales of $2.50 billion, beating analysts’ estimate of $2.42 billion and representing a 12% year-over-year increase. Furthermore, the company reported adjusted EBITDA of $765 million and free cash flow of $458 million.

Airbnb announced a gross booking value of $17.6 billion, marking a 13% year-over-year increase. The company also announced 111 million nights and experiences booked during the quarter.

In a letter to shareholders, the company said, “Airbnb is a fundamentally stronger company today than it was several years ago. Since our 2020 IPO, our revenue and GBV have tripled, and in 2024, we successfully outpaced the travel industry's growth. We're continuing to build on this momentum in 2025, executing a multi-year strategy to perfect the core service, accelerate growth in global markets, and launch and scale new offerings.”

Analyst Changes: Following the earnings report, multiple analysts issued price target adjustments.

• JMP Securities analyst Nicholas Jones reiterated a Market Perform rating on Airbnb.
• Canaccord Genuity analyst Michael Graham maintained a Buy rating on Airbnb and raised the price target from $165 to $190.
• DA Davidson analyst Tom White maintained a Neutral rating on Airbnb and raised the price target from $131 to $170.
• B of A Securities analyst Justin Post maintained a Neutral rating on Airbnb and raised the price target from $151 to $170.

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ABNB Price Action: At the time of publication, Airbnb stock is trading 15.2% higher at $162.43, according to data from Benzinga Pro.

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