Airbnb – Is the stock unfairly punished?
$ABNB reported its Q1’23 results on the 9th May 2023, reporting revenues of $1.82B beating consensus estimates of $1.79B and achieving the higher end of its guidance. Adjusted EBITDA margin dropped from 15.2% in Q1’22 to 14.4% mainly due to front-loading of marketing expenses (as expected).
Net income was $117M, a substantial increase from a loss of $19M…