Airbnb (ABNB) has reported mixed financial results for this year’s third quarter.
The homestay and vacation rental company announced earnings per share (EPS) of $2.21 U.S., which was below the $2.34 U.S. expected among analysts.
Revenue in the July through August period totaled $4.10 billion U.S., which was slightly ahead of the $4.08 billion U.S. anticipated on Wall Street. Sales were up 10% from a year ago.
Despite the uneven print, Airbnb’s stock is up 5% after management delivered bullish forward guidance.
For the current fourth quarter, Airbnb said it expects revenue of $2.66 billion U.S. to $2.72 billion U.S. Analysts had $2.67 billion U.S. penciled in for the company.
Management highlighted new features introduced during the quarter, which included improved maps, updated cancellation policies, and a reserve now, pay later option.
The company reported 133.6 million nights and stays booked during Q3, up 9% from a year ago and above the 131.75 million expected on Wall Street.
Gross booking value, which Airbnb uses to report host earnings, service fees, and taxes, totaled $22.9 billion U.S., up 14% from a year ago.
Prior to today (Nov. 7), ABNB stock had declined 8% this year to trade at $120.53 U.S. per share.
Tech Insider
