From Nasdaq, Inc.: 2024-11-09 07:15:00

Stock market adjusting to post-election economy with rising inflation and 10-year Treasury yields near 5%. Companies like Airbnb (NASDAQ: ABNB) benefitting due to unique business model. Airbnb’s earnings missed expectations, but revenue grew 10% annually with 1.7 million new user sign-ups. Strong growth in nights booked and net income margin of 37%.

Free cash flow grew to $1.1 billion, used for stock buyback program. Rising bond yields could skyrocket Airbnb’s interest income, with $207 million earned in interest for the quarter. Mizuho Financial reaffirms Outperform rating with $170 price target, predicting a 16% rally. Airbnb’s globalization and interest income strategy make it a strong buy.



Read more at Nasdaq, Inc.:: Airbnb Stock Attracts Attention With Strong Cash Flow Strategy