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Airbnb jumps after beating Wall Street estimates on strong international travel demand

Consumers spent more than $81 billion on Airbnb in 2024.

2/13/25 4:08PM

Short-term rental giant Airbnb reported quarterly results that beat analysts’ estimates thanks to booming demand for international travel, sending shares up double digits in after-hours trading.

Airbnb reported adjusted earnings per share of $0.74, compared to the $0.58 analysts polled by FactSet were expecting. The company reported $461 million in net income, compared to a $349 million loss during the same period last year.

Gross bookings — the amount of money people spent on the platform — came in at $17.6 billion for the quarter, compared with $17.2 billion analysts anticipated and up 13% year over year. In 2024 the company reported $81.8 billion in gross bookings, compared to $73.3 billion in 2023.

Airbnb has also steadily increased its free cash flow, putting it at $4.5 billion for the year and giving it a 40% FCF margin. That allowed it to buy back $3.4 billion in shares in 2024. (As of December 2024, it has the authorization to buy back $3.3 billion more in shares.)

While post-lockdown “revenge travel” may have wound down, consumer demand for travel appears to be healthy.

The company’s results were bolstered by higher international travel, particularly in Asia and Latin America, where bookings grew by more than 20% year over year. Bookings in North America and Europe initially jumped post-2020 but have now moderated.

The company’s cheery earnings reports follows similar news from competitors and others in the travel industry.

Expedia — owner of its namesake platform as well as VRBO, its Airbnb competitor — also beat profit and revenue estimates when it reported earnings last week. Hotels had mixed earnings, while Royal Caribbean reported higher demand for cruises. Booking Holdings, owner of Booking.com, reports on February 20.

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Six Flags pops after reiterating its guidance as theme park attendance rebounds

Six Flags shares rose more than 7% today after the company reported a rebound in attendance and early season-pass sales heading into the fall. The nine-week period ending August 31 saw 17.8 million guests, up about 2% from the same stretch in 2024, with stronger momentum in the final four weeks.

More importantly, Six Flags reaffirmed its full-year adjusted EBITDA guidance of $860 million to $910 million, showing confidence that its cost and operations strategy can stay strong for the duration of the year. Riding that wave, Six Flags also said early 2026 season pass unit sales are pacing ahead of last year, and average season pass prices are up around 3%.

The good vibes come despite a drop in in-park per capita spending, especially from admissions, where promotions and changes to attendance mix (which parks or days guests visit) have weighed. Earlier this week, the amusement giant extended a new agreement that extended its position as the exclusive amusement park partner for Peanuts™ in North America through 2030.

Despite the rally, Six Flags shares are down around 52% year-to-date.

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Rivian turns red on the year, squeezed by a recall and the looming end of the EV tax credit

Shares of EV maker Rivian are down more than 5% on Friday following the company’s recall of 24,214 vehicles due to a software issue. The stock move erases Rivian’s year-to-date gain and turns the company negative on the year.

Rivian’s 2025 model year R1S and R1T are affected by the defect, which was identified after a vehicle’s hands-free highway assist software failed to identify another vehicle on the road, causing a low-speed collision. Rivian said it’s released an over-the-air update to fix the issue.

The recall marks Rivian’s fifth this year, affecting nearly 70,000 of its vehicles.

Rivian’s shares are down more than 20% from their 2025 high, which came prior to the passage of President Trump’s “big, beautiful bill.” Through the legislation, the $7,500 EV tax credit is set to expire at the end of the month.

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Moderna, Pfizer dip after WaPo reports Trump officials’ plan to link Covid vaccines to child deaths

Vaccine makers are falling after The Washington Post reported that the Trump administration plans to link the coronavirus vaccine to 25 child deaths.

Moderna and Pfizer, the two companies who sell the vaccine in the US, fell by more than 5% and 2%, respectively. The coronavirus vaccine is virtually the only revenue driver for Moderna, while Pfizer has a larger and more diverse portfolio.

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