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Airbnb Reports Mixed Financial Results
The company announced earnings per share (EPS) of $2.13 U.S., which was slightly below the consensus forecast of $2.14 U.S.
Revenue in the July through September quarter totaled $3.73 billion U.S., which was slightly ahead of the $3.72 billion U.S. expected on Wall Street. Sales were up 10% from a year earlier.
In terms of guidance, Airbnb said that it expects to report revenue of $2.39 billion U.S. to $2.44 billion U.S. during the current fourth quarter. The high-end of that range is slightly ahead of the $2.42 billion U.S. estimate of analysts.
Management at Airbnb said they remain focused on expanding around the world.
The company added that it saw hosting growth across all regions and market types during Q3 with more than eight million active listings.
Airbnb’s average daily rates increased 1% from a year ago to $164 U.S. in the third quarter.
The stock of Airbnb has increased 10% so far in 2024 and currently trades at $147.37 U.S. per share.
