Airbnb shares pop 15% on better-than-expected earnings and revenue
Airbnb reported fourth-quarter earnings on Thursday that beat analysts' estimates, but the company issued soft guidance.
Airbnb shares jumped 15% in extended trading on Thursday after the company reported fourth-quarter earnings and revenue that beat analysts' estimates.
Here's how the company did compared with what Wall Street was expecting, based on a survey of analysts by LSEG:
Earnings per share: 73 cents vs. 58 cents expected
Revenue: $2.48 billion vs. $2.42 billion expected
Revenue increased 12% from $2.22 billion during the same period last year. Airbnb reported net income of $461 million, or 73 cents per share. A year ago, Airbnb reported a loss of $349 million, or a loss of 55 cents per share.