Airbnb beats on revenue but offers weaker-than-expected guidance
Publishing timestamp: 2023-11-01 18:28:46
Summary
Airbnb reported stronger-than-expected revenue for the third quarter but provided weaker-than-expected guidance for the fourth quarter. The company's total nights and experiences bookings exceeded expectations, but it expressed concerns about volatility and geopolitical conflicts impacting travel demand. Airbnb also reported growth in adjusted EBITDA and free cash flow, and announced efforts to lower the cost of stays for consumers and enhance listing verifications.
Sentiment: MIXED
Tickers: ABNB,
Keywords: breaking news: earnings, earnings, united states, breaking news, travel, new york city, breaking news: technology, airbnb inc, business news, technology,
Source: https://www.cnbc.com/2023/11/01/airbnb-abnb-q3-earnings-report.html