Airbnb and Uber published their quarterly reports for July-September, 2021 on November 4th. Performance of both companies last quarter was above expectations of analysts. I’ll share with you the most interesting facts provided by the corporations and a fresh tech analysis of their stocks.

Airbnb report for Q3, 2021: all-time high revenue and profit

An American company Airbnb, owning a dwelling rental service with the same name, reported that bookings remain abundant. In July-September, people booked dwellings and entertainment options 79.7 million times. This is 29% more than in Q3, 2020.

Also note that the number of rentals for 7 and more nights keeps growing. Over the previous quarter, this parameter has grown by 45%. In North America and Europe, the increase in the number of bookings was the most prominent.

After the Q3 report was published, Airbnb shares grew by almost 13%

The recovery of the tourist industry let the corporation reach all-time high quarterly revenue and profit. On November 5th, with such great statistics, the shares of Airbnb (NASDAQ: ABNB) grew by 12.98% to $201.62. As you remember, since January, the share price has increased by 37.3%.

The company is optimistic about the tourist industry, hoping that the vaccination campaign will drive it to the pre-crisis level. This allows making quite bold guesses about the revenue in Q4: in October-December, the revenue is to reach $1.39-1.48 billion. Analysts on average suggest $1.44 billion.

Important report details

  • Revenue - $2.2 billion, +69.2%, forecast - $2.05 billion.
  • Return on stock - $1.22, forecast - $0.75.
  • Net profit - $834 million, +280.8%.

Tech analysis of Airbnb shares by Maksim Artyomov

Investors and traders are optimistic and keep pushing Airbnb shares to $210. Now the quotations keep growing after the report for Q3, 2021 was published. As long as the 200-days Moving Average is also ascending, I guess that the price will not stop there.

The nearest goal for growth is $210. If the situation with COVID-19 gets better, the company has all the chances to renew all-time highs and go on growing.

Tech analysis of Airbnb shares for 08.11.2021.

Uber report for Q3, 2021: losses grow two times

Over July-September, all segments of business of Uber Technologies demonstrated growth. Revenue from food delivery grew by 92% to $2.24 billion, from taxi – by 59% to $2.2 billion, from cargo delivery – by 40% to $402 million.

However, the size of losses also grew, reaching $2.4 billion. As you know, a year ago they amounted to $1.09 billion. The company explains the difference by the falling of the price of its share in Didi corporation. However, the share in other companies – Joby, Aurora, and Zomato – have grown, decreasing the overall loss size.

The loss in Uber Technologies amounts to $2.4 billion

Note that in the last quarter Uber reached positive EBITDA – profit of $8 million. Nonetheless, a quarter ago it reported a loss sized $509 million. In the company, they expect the revenue reach $25-26 billion in October-December and EBITDA profit - $25-75 million.

On November 5th, on the next day after the quarterly report was published, the share price of Uber Technologies (NYSE: UBER) grew by 4.24%, reaching $47.19 per share. Since the beginning of the year, the shares of the company dropped by 7.5%.

Important report detail

  • Revenue - $4.8 billion, +72%, forecast - $4.42 billion.
  • Loss per stock - $1.28, +106.5%, forecast - $0.34.
  • Net loss - $2.4 billion, +120%.

Tech analysis of Uber shares by Maksim Artyomov

Opening the trading session with a gap, Uber quotations fell down and almost covered the gap. The resistance level at $48.84 became the stumbling stone that the price failed to come over. As long as the quotations broke through the 200-days MA, I’d say that in the nearest future investor will get back their trust alongside the position of the shares.

A signal fir further growth will be a breakaway of the resistance level at $48.84, while the next goal should be $52. However, if the losses of the company keep growing, the share price might head down. In this case, the goal will be the support level of $42.3.

Tech analysis of Uber shares for 08.11.2021.

Summing up

On November 4th, Airbnb and Uber published their quarterly reports for July-September, 2021. The first one reported all-time high revenue and profit, while the second one – a doubled loss. Meanwhile, the shares of both corporations grew – by 12.98% and 4.24%, respectively.

More quarterly reports on R Blog


Material is prepared by

He is the guru of searching for and demonstrating hidden opportunities and insights of the market. He writes about everything that might be of interest to the investor: stocks, currencies, indices, and various business spheres. Has been “in” since 2019.