From Financial Modeling Prep: 2024-11-08 08:12:00

Airbnb (NASDAQ:ABNB) reported mixed third-quarter results, with earnings per share of $2.13 falling just short of expectations. Despite revenue of $3.73 billion exceeding estimates, shares fell over 4% in after-hours trading. Bookings for Nights and Experiences rose 8% YoY, with an average daily rate of $164, up 1% from last year.

The vacation rental giant forecasted fourth-quarter revenue between $2.39 billion and $2.44 billion, in line with Wall Street’s expectations. Airbnb expects a slightly lower take rate for Q4 2024 compared to the previous year, citing a one-time boost from unused gift cards in Q4 2023.



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