The profits fell short of Wall Street’s expectations and Airbnb’s stock tumbled 16% in after-market trading.
The San Francisco-based company reported on Tuesday net income of $555 million, or 86 cents per share, for the three months ended June 30. That compares with net income of $650 million, or 98 cents per share, in the same quarter last year.
Analysts’ consensus estimates called for earnings of 91 cents per share, according to FactSet.
Revenue rose 11% from a year earlier to $2.75 billion, slightly higher than what analysts forecast.
The vacation-rental platform said it booked 125.1 million nights and experiences in the second quarter, a 9% increase from a year earlier.
The average daily rate rose 2% to $170. The company said it expects that to increase modestly on an annual basis in the third quarter.
هذه القصة مأخوذة من طبعة August 10, 2024 من Techlife News.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة August 10, 2024 من Techlife News.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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