- Though it beat Q3 estimates, HomeAway (NYSEARCA:AWAY) is guiding for Q4 revenue of $107M-$109M, below a $112.4M consensus.
- No explanation is provided in the earnings release for the light outlook. Questions about competition from Airbnb (previous) will likely surface.
- Q3 listing revenue +27.2% Y/Y to $96.6M; other revenue +44.2% to $20.5M.
- Paid listings +33.8% Y/Y to 1.034M; average revenue per subscription listing +11.9% to $479; visits +17.3% to 232.1M. Renewal rate was flat at 71.7%.
- GAAP costs/expenses rose 37% Y/Y to $105.7M. Adjusted EBITDA totaled $31.6M, in-line with guidance of $31M-$32.3M. Adjusted EBITDA is expected to fall to $25.3M-$28.3M in Q4.
- Shares are close to a 52-week low of $27.95 in AH trading.
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Q3 results, PR