Issue link: https://maltatoday.uberflip.com/i/1466941
Name Current Change %Change Open High Low Prev. Value Close US MARKETS NASDAQ 13,037.49 -344.03 -2.57 13511.75 13533.78 13032.17 13381.52 EUROPEAN MARKETS FTSE 7,251.31 -246.87 -3.29 7498.18 7498.18 7243.44 7498.18 CAC 6,451.79 -328.88 -4.85 6496.25 6617.09 6433.51 6780.67 DAX 13,854.52 -776.84 -5.31 13989.41 14221.71 13826.70 14631.36 ASIAN MARKETS SGX Nifty 16,141.00 -109.00 -0.67 17052.50 17115.00 15500.50 17063.00 Nikkei 225 25,970.82 -478.79 -1.81 26281.35 26357.58 25775.64 26449.61 Straits Times 3,276.06 -116.94 -3.45 3351.24 3363.17 3248.93 3393.00 Hang Seng 22,901.56 -758.72 -3.21 23268.03 23376.37 22786.39 23660.28 Taiwan Weighted 17,594.55 -461.18 -2.55 17939.53 17939.53 17561.07 18055.73 KOSPI 2,648.80 -70.73 -2.60 2689.28 2694.55 2642.63 2719.53 SET Composite 1,662.72 -33.73 -1.99 1683.92 1690.50 1656.62 1696.45 Jakarta Composite 6,817.82 -102.24 -1.48 6912.48 6929.91 6758.86 6920.06 Shanghai Composite 3,429.96 -59.19 -1.70 3474.37 3486.98 3400.21 3489.15 5.5.2022 7 MARKETS International Markets Global Indices Trading Date: 4 April 2022 Why Airbnb stock fell 11% in April SHARES of travel company Airbnb (NASDAQ: ABNB) dropped 11% in April, ac- cording to data provided by S&P Global Market Intelli- gence. at was at the same time that the S&P 500 fell 8.8%. Shares had been rising based on the company's ex- ceptional performance and massive tailwinds, and the market seemed to simply be correcting itself. Additional pressure from general mar- ket volatility probably con- tributed as well. So what Airbnb went public at the end of 2020 when it was posting pandemic-driven declines, but eager inves- tors snapped up shares of the disruptor's stock, send- ing it soaring. at eventually slowed down, but the company has been ramping it up, demon- strating a robust rebound despite travel still being pressured. It's been able to do that be- cause of its flexible model, which makes it easy to book stays of varying lengths in all sorts of residences and locations. is was a winner when people couldn't travel far, and it's become even more compelling as people have been working from home. And this isn't a short-term change, but a global shift in workforce trends. In fact, Airbnb itself an- nounced last week that it will allow its workforce the option to work from home without a change to their compensation, as long as they stay in the country. I love that the company is putting its money where its mouth is, and its peo- ple where its locations are. It's very much in line with Airbnb as a founder-led company that's fueling real change in its industry. Now what Airbnb posted phe- nomenal 2022 first-quar- ter results yesterday that demonstrated even further growth. Revenue increased 70% year over year to $1.5 billion, and nights booked increased 59% year over year to 102 million. It posted a net loss of $19 million, even though it was profitable for the past two quarters, but it was a strong improvement over a $1.2 billion loss last year. It also delivered a record $1.2 billion in free cash flow. Loss per share of $0.03 was much better than the $0.25 that analysts had been expecting. Living on Airbnb contin- ued to be a strong trend, and stays of 28 days or more made up the fastest-grow- ing category again. A new trend is that urban travel is returning, with city gross nights booked up 80% year over year. Management expects a strong summer season and is guiding for a 58% revenue increase year over year in the second quarter. Airbnb stock is down 14% over one year, giving inves- tors an opportunity to buy on the dip.