Brian Chesky, co-founder and chief executive officer of Airbnb Inc., during a news conference in Los Angeles, California, US, on Wednesday, May 1, 2024.
Eric Thayer | Bloomberg | Getty Images
Airbnb reported third-quarter earnings on Thursday that were shy of analyst estimates, though it squeaked in a small revenue beat. The stock fell about 3% in after-hours trading.
Here’s how the company did:
Revenue increased 10% from $3.4 billion a year earlier. Airbnb reported net income of $1.37 billion, or $2.13 per share, compared with $4.37 billion, or $6.63 per share, in the same period last year. The company noted a $2.8 billion tax benefit during the third quarter of 2023.
The company expects to report revenue between $2.39 billion and $2.44 billion during its fourth quarter. Analysts were expecting $2.42 billion for the period, according to LSEG.
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