What long-term trends can investors see in ABNB's EPS growth?

Airbnb's (ABNB) EPS has experienced significant growth from 2020 to 2023, with a peak year-over-year increase of 1,257% in 2021. While 2022 saw a decline of 88%, the overall trend over the past five years has been positive, with ABNB's EPS growing from -$16.12 in 2020 to $7.24 in 2023.

|code|Ticker|Name|Date|Diluted EPS (FY) YoY|Diluted EPS (FY)|market_code|
|---|---|---|---|---|---|---|
|ABNB|ABNB.O|Airbnb|2020|-522.3938223938225|-16.12|185|
|ABNB|ABNB.O|Airbnb|2021|96.46401985111662|-0.57|185|
|ABNB|ABNB.O|Airbnb|2022|589.4736842105264|2.79|185|
|ABNB|ABNB.O|Airbnb|2023|159.49820788530468|7.24|185|
|ABNB|ABNB.O|Airbnb|2024|-43.232044198895025|4.11|185|

1. **Exponential Growth in 2021**: The most notable trend is the explosive growth in 2021, which was driven by the pandemic-related surge in demand for remote accommodation options. This demand outpaced the company's ability to accommodate guests, leading to a significant increase in prices and revenue per available room (RevPAR).
2. **Decline in 2022**: The decline in 2022 can be attributed to the normalization of travel patterns as vaccines were rolled out and travel restrictions began to ease. This led to a decrease in demand for remote accommodation options, resulting in lower prices and RevPAR.
3. **Steady Recovery in 2023**: The EPS in 2023 shows a strong recovery, indicating that Airbnb was able to adapt to the changing travel landscape and capitalize on the growing demand for unique and flexible accommodation options.

In conclusion, while Airbnb's EPS has experienced fluctuations due to external factors, the company's ability to innovate and meet changing consumer needs has ultimately led to positive long-term growth. Investors can expect future performance to be influenced by market conditions, competition, and Airbnb's strategic initiatives to expand its offerings and enter new markets.