WRONG dude - actually they beat rev and earnings and would have had a stronger beat if not for forex. They are moving to a pay-booking model this year which the street is excited about and should drive significant revenue/earnings growth in the coming quarters. The sell-off in the AH is a bunch of stay at home moms who don't know anything about what moves this stock. The big institutional guys will be buying this stock tomorrow. I guarantee it..
Their forecast for next qtr and next year was in line at best. This has nothing to do with HomeAway being a good or bad business. It is just not priced right. Foward PE is 42. If you take that to a reasonable number of 20-21, that puts the PPS at $16-17. Forecasted revenue and earnings do not appear to exceed expectations.
Buy in AH if you think this is going up. But heed my warning. PPS is only going one direction in the near future...down.