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Airbnb Earnings Top Estimates, But Stock Slips on Light Guidance

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Airbnb posted revenue of $3.4 billion, up 18% from a year ago.

Airbnb posted better-than-expected third-quarter financial results, but provided fourth-quarter guidance that fell a little below Street estimates. The results provide an early look at the state of the travel industry, ahead of coming reports from Expedia, Booking.com and other players.

The short-term real-estate rental company’s stock is trading 3.4% lower in late trading Wednesday to $115.40. For the quarter, Airbnb posted revenue of $3.4 billion, up 18% from a year ago, and ahead of the Street consensus forecast as tracked by FactSet at $3.34 billion.Write to Eric J. Savitz at eric.savitz@barrons.com

 

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