PREVIEW: Airbnb down with broader market; results due after the bell

Airbnb

06/11/2025 20:02

** Shares of Airbnb ABNB.O were down 1.3% in afternoon trading Thurs as the broader market declined, with the online marketplace for homestays seen posting a rise in quarterly yr-over-yr rev and EPS when it releases results after the closing bell

** The Nasdaq .IXIC was down more than 1% in afternoon trading

** Analysts expect Q3 rev for ABNB of $4.08 bln vs $3.73 bln in the yr-ago qtr and they expect EPS of $2.34 vs $2.13 a yr ago, according to LSEG

** In early August, Airbnb forecast slower growth in the second half of the year, disappointing investors of the sector expecting a rebound in travel demand

** Analyst recommendations on the stock include 16 "strong buy" or "buy" ratings, 23 "hold" ratings and seven "sell" ratings

** The median 12-mo PT on the stock is $142.50; the stock was last at $120.94

** ABNB shares are down nearly 8% YTD compared with a roughly 20% gain in the Nasdaq in that period

 (Reporting by Caroline Valetkevitch)

 ((caroline.valetkevitch@thomsonreuters.com))