economy
Airbnb stock soars 9% on earnings and revenue beat, strong guidance for third quarter
Airbnb said it's seeing strong demand "across all regions," contributing to the company's better-than-expected forecast.
TL;DR
- Airbnb's second-quarter earnings per share were $1.37, beating the expected $1.25.
- Revenue for the second quarter was $3.61 billion, surpassing the expected $3.58 billion.
- The company expects third-quarter revenue to be between $4.69 billion and $4.77 billion, higher than analysts' projection of $4.61 billion.
- Bookings growth was in the high single digits for the U.S. and Canada and Europe/Middle East, high teens for Asia-Pacific, and about 20% for Latin America.
- Free cash flow increased by 30% to $1.25 billion.
- Airbnb highlighted market share gains in Latin America, especially in Brazil and Mexico.