Airbnb's Revenue Tops Expectations, But Profits Fall Short
Airbnb(ABNB) Investopedia·2024-11-08 06:21
Airbnb (ABNB) reported third-quarter revenue that beat expectations, but profits fell short. The vacation rental marketplace saw revenue grow 10% year-over-year to $3.73 billion, ahead of the analyst consensus from Visible Alpha. However, its net income came in at $1.37 billion or $2.13 per share, down from $4.37 billion or $6.63 per share a year earlier and missing expectations. Nights and Bookings Growth Slows The company’s Nights and Experiences Booked came in at 122.8 million, up 8% from a year ag ...