Airbnb Shares Rise After Q3 Revenue Beats Estimates And Company Issues Upbeat Guidance

Benzinga

Airbnb shares rose after-hours as Q3 revenue beat expectations and the company issued upbeat guidance. The company highlighted product improvements, global expansion, and new AI-driven features aimed at boosting growth and user experience.

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

00:02Airbnb shares rose nearly 5% in after-hours trading after the company posted third-quarter

00:07revenue above estimates and issued optimistic guidance, according to CNBC.

00:10The company reported earnings of $2.21 per share on $4.10 billion in revenue,

00:16the topic of revenue expectations have been missing on earnings.

00:18Airbnb forecasts fourth-quarter revenue between $2.66 billion and $2.72 billion,

00:24lining with analysts' $2.67 billion estimate.

00:26And according to LSEG, a letter to shareholders called it another strong quarter

00:30in a shareholder letter and highlighted features like improved apps,

00:34updated cancellation policies, and a pay-later option.

00:38Airbnb said it is fueling growth by improving its service,

00:40expanding globally, broadening its offerings, and integrating AI into its app.

00:45For all things money, visit Benzinga.com.

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