Shares of Airbnb rose in extended trading after the company reporter third-quarter results that beat revenue expectations.
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Shares of Airbnb
rose as much as 5% in extended trading on Thursday after the company reported third-quarter results that beat analysts’ estimates for revenue and offered rosy guidance.
Here’s how the company did based on average analysts’ estimates compiled by LSEG:
Revenue increased 10% from $3.73 billion during the same period last year. The company reported net income of $1.374 billion, or $2.21 per share, up slightly from $1.368 billion, or $2.13 per share, a year earlier.
Airbnb reported fourth-quarter results that beat on revenue and offered rosy guidance.
Arbnb's revenue increased 13% from a year earlier, topping estimates.
Deutsche Bank's $154 price target implies a 33% upside for shares of Airbnb.
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