Today is Wednesday, February 16, 2022.

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Airbnb’s Long-Term Stay Growth

Shares of Airbnb (Nasdaq: ABNB) jumped 3.63% during after-hours trading on Tuesday after the online lodging marketplace posted positive earnings.

Financials: Airbnb earned 8 cents per share and $1.5 billion in revenue; both were better than expected.

Record Quarter: The company’s EBITDA was $333 million, which was a record fourth quarter for Airbnb. The gross booking value hit $11.3 billion.

Going Long: It was long-term stays that supercharged Airbnb’s revenue. Nearly half of the nights booked in the quarter were for stays of a week or longer. Over 20% of nights booked were for stays of a month or longer.

Glass Half Empty: If there was one negative area it was the nights and experiences segment, which missed estimates.

Outlook: The company expected revenue between $1.41 billion and $1.48 billion, which investors really liked.

Final Thoughts: Fundamentally, Airbnb is strong. However, there is always the looming threat of new regulations against the company.

Notables

Notable Earnings Today: Shopify (NYSE: SHOP), Nvidia (Nasdaq: NVDA), Trade Desk (Nasdaq: TTD), Applied Materials (Nasdaq: AMAT), Crocs (Nasdaq: CROX), Marathon Oil (NYSE: MRO), Barrick Gold (NYSE: GOLD), Matterport (Nasdaq: MTTR), Wix (Nasdaq: WIX), QuantumScape (NYSE: QS), Kraft Heinz (Nasdaq: KHC), Energy Transfer (NYSE: ET), Hilton Worldwide Holdings (NYSE: HLT), Cisco Systems (Nasdaq: CSCO), Generac Holdings (NYSE: GNRC), DoorDash (NYSE: DASH), Analog Devices (Nasdaq: ADI), Star Bulk Carriers (Nasdaq: SBLK), AMC Networks (Nasdaq: AMCX), Fastly (NYSE: FSLY), Albemarle (NYSE: ALB), Alkermes (Nasdaq: ALKS), Altice USA (NYSE: ATUS), America's Car-Mart (Nasdaq: CRMT), American International Group (NYSE: AIG), American Water Works (NYSE: AWK), Analog Devices (Nasdaq: ADI), Boston Beer (NYSE: SAM), Cheesecake Factory (Nasdaq: CAKE), Coeur Mining (NYSE: CDE), Cowen (Nasdaq: COWN), Equinix (Nasdaq: EQIX), Fisker (NYSE: FSR), Garmin (NYSE: GRMN), Generac Holdings (NYSE: GNRC), Host Hotels & Resorts (Nasdaq: HST), Hyatt Hotels (NYSE: H), Infinera (Nasdaq: INFN), Magnolia Oil & Gas (NYSE: MGY), Martin Midstream Partners (Nasdaq: MMLP), Noble (NYSE: NE), Nu Skin Enterprises (NYSE: NUS), Nutrien (NYSE: NTR), Owens Corning (NYSE: OC), Pioneer Natural Resources (NYSE: PXD), Ryder System (NYSE: R), Sunoco (NYSE: SUN), Synopsys (Nasdaq: SNPS), TripAdvisor (Nasdaq: TRIP), Veeco Instruments (Nasdaq: VECO), Vulcan Materials (NYSE: VMC), Wingstop (Nasdaq: WING), Encore Wire (Nasdaq: WIRE).

Notable IPOs Today: Smart for Life, Inc. Common Stock (Nasdaq: SMFL), Meihua International Medical Technologies Co., Ltd. Ordinary Shares (Nasdaq: MHUA), FutureTech II Acquisition Corp. Unit (Nasdaq: FTIIU).

Notable Equity Crowdfunding Campaigns Ending Today: Advanced Robotics (StartEngine), The Spice Route Company (Wefunder), Urbie (Wefunder).

Notable Economic Events Today: Retail sales (8:30 a.m. ET), Export/Import price index (8:30 a.m. ET), Industrial Production (9:15 a.m. ET), Business/Retail inventories (10:00 a.m. ET), Crude oil inventories (10:30 a.m. ET), FOMC minutes (2:00 p.m. ET).

Roblox Suffers Earnings Miss

Photo by Maxim Hopman / Unsplash

Shares of Roblox (NYSE: RBLX) dropped 15.28% in after-hours trading on Tuesday after the video game developer posted negative earnings.

Financials: Roblox posted a loss of 25 cents per share and revenue of $568 million; both were below estimates.

Good News: Bookings increased 20% and average daily active users grew 33%.

Final Thoughts: Roblox has the users, but can the company make more money from them in the future?

Russia-Ukraine’s Impact on Bitcoin

How will Bitcoin survive the growing Russia-Ukraine conflict?

Bitcoin: The price of Bitcoin has stayed about even over the past month. Recent news about the Russia-Ukraine escalation last Friday caused the price of Bitcoin to slip.

Lower Expectations: Things have been so volatile that some analysts no longer expect Bitcoin to hit $100,000 in 2022. However, many are bullish about Bitcoin in future years.

Final Thoughts: Traders are sending crypto donations to Ukraine as financial assistance during the conflict.

Trends to Watch

It’s a Small Metaverse World: Disney names executive to oversee metaverse strategy (Reuters)

Important Question: Why Are Fees on Ethereum Dropping? (CoinDesk)

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