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* Shares of Airbnb fell more than 13% Wednesday, a day after the company released third-quarter earnings that beat Wall Street’s estimates but fell short on fourth-quarter guidance.
* For the fourth quarter, Airbnb said it expects to deliver between $1.80 billion and $1.88 billion, below the midpoint of $1.85 billion as expected by analysts, according to Refinitiv.
Shares of Airbnb fell more than 13% Wednesday, a day after the company released third-quarter earnings that beat Wall Street’s estimates but fell short on fourth-quarter guidance.
Airbnb beat on top and bottom lines in its third quarter. The company posted revenue of $2.9 billion, up 29% year-over-year for its strongest quarter ever, and topped analysts’ estimates of $2.8 billion, according to Refinitiv. The revenue increase was driven by stable growth in the Nights and Experiences booked and elevated average daily rates.
But Airbnb provided fourth-quarter revenue guidance of $1.80 billion and $1.88 billion, below the midpoint of $1.85 billion as expected by analysts, according to Refinitiv.
Airbnb said to “expect a continued, albeit choppy, recovery of cross-border travel to be a further tailwind to future results” as countries around the world continue to recover from Covid lockdowns and grapple with high levels of inflation and rising interest rates.
[https://www.cnbc.com/2022/11/02/shares-of-airbnb-tumble-9percent-on-low-fourth-quarter-guidance.html](https://www.cnbc.com/2022/11/02/shares-of-airbnb-tumble-9percent-on-low-fourth-quarter-guidance.html)
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Me and everyone else is not using airbnb s now because it makes no sense anymore, the prices are the same or higher compared to a hotel and you get less perks as well.
They’re also about to get dicked down here in San Diego (possibly CA at large). There’s a newish lottery system for Airbnb here where you have to apply for the license with no guarantee of getting it because there’s a finite amount being issued and it’s on a random raffle. This has been in effect for new applicants but I believe Q1 2023 it will be applied retroactively to all properties.
My puts hope it’s still going to fall more
Where’s that guy who went all-in on airbnb puts??
>Airbnb’s disappointing fourth-quarter guidance is a sign that the company is still feeling the effects of the Covid pandemic. The good news is that cross-border travel appears to be picking up, which should help Airbnb in the quarters ahead.
yes
Yes