Airbnb: Still Trailing Booking, And A Surprise Turn To Social
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YR Research5.13K FollowersFollow5ShareSavePlay(8min)CommentsSummaryAirbnb remains overvalued versus peers, with a reiterated "Sell" rating due to slowing growth and declining margins.ABNB's pivot toward social connections, experiences, and AI raises concerns about margin deterioration and low probability of strategic success.Recent quarters saw single-digit revenue growth, EBITDA margin contraction, and rising operational expenses outpacing revenue growth.Despite lagging Booking.com and Expedia closing the gap, ABNB trades at 27x next year's earnings, a premium the fundamentals do not justify. onurdongel/iStock via Getty Images Airbnb (ABNB) has become such a well-known brand that when people hear Airbnb, most of them don't think about the company. Their mind immediately thinks about vacation, staying somewhere unfamiliar, unique, and authentic, and a trustworthy travel experience without a hotel experience. This article was written byYR Research5.13K FollowersFollowI aim to invest in companies with perfect qualitative attributes, buy them at an attractive price based on fundamentals, and hold them forever. I hope to publish articles covering such companies approximately 3 times per week, with extensive quarterly follow-ups and constant updates.I manage a concentrated portfolio targeted at avoiding losers and maximizing exposure to big winners. This means that often I'll rate great companies at a 'Hold' because their growth opportunity is below my threshold, or their downside risk is too high.Analyst’s Disclosure:I/we have a beneficial long position in the shares of V either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.