Tesla Stock and Airbnb Jump 15% As Earnings Increase
The Airbnb stock has jumped higher after the close after beating earnings estimates, despite soft Q1 projection, while the Tesla stock is also up by 15% in the last two days.
Airbnb Surges 15% After Strong Q4 Results
Airbnb shares soared 15% in after-hours trading on Thursday after the company reported fourth-quarter revenue and earnings that surpassed analyst expectations. The platform recorded 111 million nights and experiences booked, exceeding the 108.7 million forecast by StreetAccount and marking a 12% year-over-year increase. Airbnb’s gross booking value, which includes host earnings, service fees, cleaning charges, and taxes, also showed strong growth.
Airbnb Q4 2024 Earnings Overview
- EPS: $0.73 (beat; expected $0.58).
- Revenue: $2.50B (beat; expected $2.42B).
- Stock Reaction: Shares surged 14% in after-hours trading.
Meta Extends Winning Streak, Tesla Rebounds
Meta continued its impressive rally, closing higher for the 19th consecutive day. The stock has gained over 24% year-to-date, with an 18% rise during this winning streak.
Tesla, which had been on a downtrend since mid-December, has staged a sharp comeback, jumping 15% in just two days. After opening with an upward gap, the stock extended gains today, rebounding strongly from the $322 level and adding more than $50 in value.
Applovin Skyrockets on Earnings Beat
Applovin shares surged 24% today following a strong earnings report after yesterday’s close. The stock is now up 45.65% for the year, building on its massive 712.62% gain from last year.
Other Notable Earnings Reports
- Coinbase (COIN): Net revenue $2.20B (beat; expected $1.87B). Shares down 1.38% after hours.
- Palo Alto Networks (PANW): EPS $0.81 (beat; expected $0.78), revenue $2.26B (beat; expected $2.24B). Shares fell 4.23% after hours.
- Roku (ROKU): EBITDA $77.5M (beat; expected $34.9M), revenue $1.20B (beat; expected $1.15B). Shares gained 12.90 points.
- Applied Materials (AMAT): EPS $2.38 (beat; expected $2.29), revenue $7.17B (beat; expected $7.14B). Shares surged 16%.
US Stock Market Performance
- Dow Jones: +355 points (+0.8%) at 44,711.
- S&P 500: +63 points (+1%) at 6,115, just 3 points shy of record close.
- NASDAQ: +296 points (+1.5%) at 19,945.
- Russell 2000 (Small-Caps): +26 points (+1.17%) at 2,282.
Conclusion
Airbnb delivered a strong quarter, significantly beating expectations on both earnings and revenue, driving a 14% post-market rally. Broader market sentiment was positive, with major indices closing higher, nearing record levels. While most tech and growth stocks posted gains, Palo Alto Networks stood out with a post-earnings decline, suggesting mixed investor sentiment within the sector.
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