Airbnb reports better-than-expected revenue and beats on guidance
Publishing timestamp: 2024-02-13 17:44:35
Summary
Airbnb reported strong fourth-quarter revenue, beating estimates, and gave an optimistic forecast for the first quarter. However, the stock fell in extended trading, and the company reported a net loss due to lodging tax reserves and nonrecurring tax withholding expenses. Airbnb also announced approval to buy back up to $6 billion of its Class common stock. The company plans to invest in under-penetrated markets abroad and expand beyond its core business. Guest demand remains strong, and the company saw growth in active listings across every region.
Sentiment: MIXED
Tickers: ABNB,
Keywords: earnings, breaking news: technology, business news, internet, technology, airbnb inc, enterprise,
Source: https://www.cnbc.com/2024/02/13/airbnb-abnb-q4-earnings-2023.html