From NBCUniversal:

Airbnb reported better-than-expected revenue for the fourth quarter and issued an optimistic forecast for the current period, but its stock fell more than 4% in extended trading. The company posted adjusted earnings of $738 million in the fourth quarter, up from the expected $645 million. It also reported a net loss of $349 million, including lodging tax reserves and nonrecurring tax withholding expenses of around $1 billion. Also, the company has been approved to buy back up to $6 billion of its Class A common stock. Airbnb said it’s investing in more under-penetrated markets abroad in 2024 and plans to expand beyond its core business later this year. The company also said average daily rates increased 3% from a year ago to $157 in the fourth quarter and ended 2023 with 7.7 million active listings, up 18% from a year earlier.



Read more: Airbnb (ABNB) Q4 earnings 2023