Airbnb Shares Surge 15% After Beating Q4 Earnings and Revenue Expectations

Benzinga

Airbnb shares surged 15% in extended trading after surpassing fourth-quarter earnings and revenue estimates. The company posted a net income, reversing a loss from the previous year. Airbnb highlighted technological improvements and recent product updates that have boosted conversion rates. The company also hinted at new offerings to launch in May but did not provide further details. Airbnb recorded increased nights and experiences booked, surpassing the previous year's total and analyst expectations.

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00:00It's Benzinga bringing Wall Street to Main Street.

00:02Airbnb shares have surged 15% in extended trading after surpassing fourth quarterly

00:06earnings and revenue estimates. The company posted a net income reversing a loss from

00:10the previous year. Airbnb highlighted improvements to its technology and recent product updates that

00:14have boosted conversion rates and the company has also hinted at new offerings at the launch in May

00:18but did not provide further details. Airbnb recorded an increase in nights and experiences

00:23booked, surpassing both the previous year's total and analyst expectations.

00:27For all things money, visit Benzinga.com slash GSTV.

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