Airbnb dips as slower growth outlook renews fears of travel demand slowdown
The vacation home rental's gloomy outlook came as setback to the industry, which saw a rebound in consumer sentiment in July, and was expecting budget-conscious Americans to return to vacations despite tariffs and inflation.
United Airlines and Hilton Worldwide last month forecast an uptick in bookings and strong fourth-quarter revenue growth. Last week, online travel agency Booking Holdings also posted upbeat quarterly results.
"The company (Airbnb) sees tariffs having an impact on margins in the third quarter, with the initial tariffs shock in April leading to a big drop in bookings," said Danni Hewson, head of financial analysis at AJ Bell.
Investors will now focus on results from Expedia Group, due after the bell, to better gauge the health of the travel industry in the United States.
Airbnb attributed its weak growth outlook to tough comparisons with the year-ago period, when strong bookings in Asia and Latin America had helped earnings.
The company expects night bookings growth to moderate year-over-year going into the fourth quarter. It expects the implied take rate, or the ratio of revenue to gross bookings, to remain flat in the third quarter.
So far this year, Airbnb and Expedia shares have both fallen 0.6% each compared with an 11.4% rise in Booking Holdings during the same period.
Airbnb commands a higher forward price-to-earnings multiple of 28.41, compared with Booking that's trading at a more modest 22.69 and Expedia at 11.57.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
20 minutes ago
- Yahoo
Apple is a star (again) as investors hope tariffs don't squeeze markets
Apple is a star (again) as investors hope tariffs don't squeeze markets originally appeared on TheStreet. Stocks had a nifty week last week, especially technology shares. All of the major averages had solid weeks. The Standard & Poor's 500 index rose 2.4%, its best week since June. The Nasdaq Composite Index jumped 3.87%. Its compadre, the Nasdaq-100 Index, added 3.73%. The small-cap Russell 2000 Index moved up 2.38%. And the venerable Dow Jones Industrial Average managed a 1.35% gain. The market's gains came as new tariff rates for goods exported to the United States seemed to settle in at around 15%, with a number of deals not yet finished with a number of countries, including Canada, China and Mexico. What's not clear is the effects tariffs might have on the domestic economy and has added volatility to financial markets. There is a lawsuit now before the U.S. Court of Appeals arguing that the president can not impose tariffs unilaterally. Some stocks had positively gaudy returns. Palantir Technologies () added 21.19% on the week after reporting its second-quarter revenue hit $1 billion, up 48% from a year earlier. It projected $4 billion-plus in revenue for the Networks () jumped 18.4%, and Axon Enterprise () , maker of the Taser and other equipment targeted at law enforcement, rose 13.5%. But there have to be losers, and there were: Eli Lilly () , off nearly 18% Thursday because orforglipron, its GLP-1 weight-loss that can be taken with a pill, didn't perform as well as Novo Nordisk's Wegovy in the latest trial. It was the biggest one-day loss for Lilly in 25 years. The Trade Desk () , an advertising platform that helps advertisers reach audiences across many channels, fell 37%.Apple reminds people they're still around Here we have to note Apple () , a stock many people currently loathe. The iPhone is wonderful, they'll say. So is the Macintosh computer. The graphics are great. But where's the artificial intelligence? Apple doesn't have an AI product to compete directly against Microsoft, Meta Platforms () and Google-parent Alphabet () At the end of July, Apple was down 17.1% for the year. This week, Apple shares were up 13.3%, sixth-best among S&P 500 stocks and the 2024 stock price decline has been cut to 8.4%. Reason: CEO Tim Cook said the company will invest an extra $100 billion on new plants in the United States. In exchange, the Trump Administration agreed to waive tariffs on Apple products made in China and India. Its market cap has risen to $3.4 trillion. Tech led the sectors Among the 11 S&P 500 sectors, technology had the best week, rising 4.27%, followed by Consumer Discretionary at 3.81% and Communications Services. Techs were led by Palantir, Arista Networks, Micron Technology () and Apple. Only three sectors were down on the week: Real Estate, down 0.14%. Health Care, down 0.8%. Energy, down 1%. Crude oil is down 11.7% on the year. The overall S&P 500 Index is up 8.63% and 32% from the bottom after President Trump introduced what's proven to be a first draft of a tariff plan. More Experts Stocks & Markets Podcast: Sectors to Avoid With Jay Woods Trader makes bold call with Boeing stock after defense workers strike Veteran fund manager sends urgent 9-word message on stocks But . . . There's always a catch After the market's decent-to-strong performance this past week, maybe in the back of your mind, you're thinking: Relatively speaking, how does it compare. Nicely, as noted. But the S&P 500 Index, used often as a short hand for the market, hasn't had a record close in (gasp!) nine whole days. Is this the end of the world? Probably not. The index has already seen 15 record closes in 2025, and autumn has not yet arrived. In 2024, in part because of the presidential election, there were 29 new record closes between July 26 and the end of the all, the index generated 57 new closing highs in 2024, according to Howard Silverblatt, Standard & Poor's senior index analyst. The record is still 77 closing highs in 1995. And that was as the Internet Bubble of the late 1990s was just getting started. The timing of new highs quite variable. The S&P 500 hit a closing high of 6,144.15 on Feb. 15. It took 128 days — and the tariff-induced minicrash in April — before the index hit a new record close: 6,173 on June 27. What's ahead for the market? The week ahead includes 621 earnings reports, a goodly number until you remember that last week 1,552 companies reported quarterly results. All will mention tariffs somehow. The reports expected to grab the most attention will be: Dow component Cisco Systems () , due after Wednesday's close. Cisco makes routers and networking equipment. Revenue estimate: $14.5 billion, up 7% from a year ago. Earnings estimate is 91 cents a share, up 4.6%. Chip-equipment maker Applied Materials () , after Thursday's close. The revenue estimate: $7.2 billion, up 5.4% from a year ago. Earnings estimate: $2.35 a share, up 10.9%. Farm-equipment maker Deere & Co. () , before Thursday's open. Revenue estimate: $10.3 billion, down 21.7%. Earnings estimate: $4.60, down 27%. Tapestry () , the owner of Coach leather goods and Kate Spade New York. Revenue estimate: $1.7 billion, up 5.4% from a year ago. Earnings estimate: $1, up 8.7%. Apple is a star (again) as investors hope tariffs don't squeeze markets first appeared on TheStreet on Aug 10, 2025 This story was originally reported by TheStreet on Aug 10, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
38 minutes ago
- Yahoo
Sour news for pickle lovers: Bick's pickles no longer stocked at some Canadian retailers
It's kind of a big dill. Popular pickle brand Bick's, which is made only for the Canadian market, is no longer on the shelves of some Canadian retailers, a consequence of the ongoing trade war between Canada and the United States. While it's a jarring change for many shoppers, it may push consumers to buy more homegrown options and there could be other ripple effects that affect Canadian jobs and businesses. At several Safeway grocery stores in Edmonton, a sign on the shelf reads "Bick's pickles are currently unavailable as an unfortunate impact of tariffs. We are pleased to offer a selection of alternatives for your shopping convenience." Parent company Sobeys did not respond to several requests for comment. Pickles caught in tariff war "We're sad to hear that Bick's is embroiled in this tariff dispute," said Steven Oakland, the CEO of TreeHouse Foods Inc., which owns the Bick's brand. After the U.S. slapped tariffs on Canadian goods in March, the Canadian government retaliated with a long list of counter tariffs, among them a 25 per cent tariff on "cucumbers and gherkins." "I think a lot of retailers feel that 25 per cent tariff makes them just too expensive frankly," Oakland said, adding that retailers started reaching out to him with cost concerns at the start of the trade war. "The food business is a low-margin, high-volume business. And so there isn't 25 per cent either on the retailer side or the manufacturing side. So that has, in some cases, really inhibited the retailers' availability to justify carrying them." Oakland estimates that Bick's is still available in 70 per cent of the Canadian retail environment but said the company has been doing outreach to try and change the Canadian counter tariff, including reaching out to the governor of Illinois. 'An intertwined business' Bick's began as a Canadian company, was later acquired by a U.S. company and production was moved south of the border around 2014, Oakland said. However, the ties between the two countries have stayed strong. "We continued to prioritize Canadian cucumbers for that product. [It's] why we went to a Canadian lid supplier… It's just been an intertwined business and now we've got a border dispute that just makes that transfer back and forth across the border expensive," he said. While the pickles are assembled in Green Bay, Wis., Oakland said the company buys 11 million pounds of Ontario cucumbers every year and said all the lids on the jars come from an Ontario manufacturer. Now, the company finds itself in an awkward situation or — some might even say — a pickle. Sales are down about 25 per cent in the last three months, according to Oakland, who said, going forward, the company will buy fewer pickles and lids from its Canadian partners. Buy Canadian sentiment With patriotism surging amid trade tensions, many shoppers are opting to buy Canadian, but there could also be unintended consequences for a company such as Bick's, according to experts. "If buy Canadian means that people aren't buying Bick's, as an example, then Bick's is buying fewer cucumbers from Canadian producers. Then that buy Canadian is sort of coming back to bite, pardon the pun, the Canadian farmers," said food economist Mike von Massow from the University of Guelph. Kwaku Afesorgbor, a professor in the department of food, agriculture and resource economics at the University of Guelph, suggests it is ultimately customers who pay the cost. Afesorgbor said customers often end up absorbing the cost of tariffs or, if the product is no longer available, they face fewer options for what they can buy, which eventually affects their pocketbook. 'It's not great' Crystal Porcher wouldn't be offended if you called her a pickle enthusiast. The Edmonton woman grew up eating pickles and admits to eating the crunchy snack at least twice a week. She even has a pickle tattoo on her hands, one of 10 of her favourite food items. "If you're out in a pub or having a beer or whatever, they're usually on the menu and I am guilty of just asking for a bowl of pickles, even if it's just a side with something else," Porcher said. With several brands in the fridge at any given time, Porcher is still processing that pickles have been caught up in the trade war. "Personally, it's not great. Obviously I'm gonna be paying more for something that I love to eat. I'm not going to stop consuming an entire part of my diet because the prices increase a little bit. Obviously if I can't find them, I'll have to suss out some other options," she said. Food products caught in trade war The issue with Bick's spotlights how food products have been tangled up in the tariff dispute. "There are other products that have somewhat complicated supply chains, and I suppose pickled vegetables are an example of that," said John Cox, executive vice president of Pickle Packers International, a trade association of the pickled vegetable industry. Cox said the organization is advocating for duty-free transportation north and south of food products under the Canada-United States-Mexico Agreement (CUSMA). He argues that it is particularly important for the pickled vegetable industry, which he said is competitive with slim margins. "When you have a 25 per cent import duty added to the cost of production, it makes it impossible to be profitable," he said. "I'm concerned for the long-term prospects for Bick's." For Oakland and TreeHouse Foods Inc., the timing couldn't be worse. "Having lived in Ontario myself for 11 years, I understand how important barbecue season is and I just hate that Bick's is embroiled in this right now," Oakland said.
Yahoo
39 minutes ago
- Yahoo
Wheaton Precious Metals Second Quarter 2025 Earnings: Beats Expectations
Wheaton Precious Metals (TSE:WPM) Second Quarter 2025 Results Key Financial Results Revenue: US$503.2m (up 68% from 2Q 2024). Net income: US$292.3m (up 139% from 2Q 2024). Profit margin: 58% (up from 41% in 2Q 2024). The increase in margin was driven by higher revenue. EPS: US$0.64 (up from US$0.27 in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Wheaton Precious Metals Revenues and Earnings Beat Expectations Revenue exceeded analyst estimates by 6.0%. Earnings per share (EPS) also surpassed analyst estimates by 9.7%. Looking ahead, revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Metals and Mining industry in Canada. Performance of the Canadian Metals and Mining industry. The company's shares are up 9.1% from a week ago. Risk Analysis It is worth noting though that we have found 1 warning sign for Wheaton Precious Metals that you need to take into consideration. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
