Airbnb's Third Quarter Results

Airbnb struck an upbeat tone on guidance Thursday but reported mixed results for the third quarter, as earnings fell short of estimates.

Stock Performance

Airbnb Inc (NASDAQ:ABNB) shares fell 1.7% in aftermarket trading, reversing an initial strong rally following the report.

Financial Results

• EPS: $2.13
• Revenue: $3.73 billion
• Wall Street Estimates: EPS of $2.14, Revenue of $3.72 billion

Booking Activity

Nights and Experiences booked increased by 8% compared to the prior year, driven by continued growth across all regions.

Average Daily Rate

The average daily rate was $164 in Q3 2024, a 1% increase compared to Q3 2023.

Looking Ahead to Q4

The company guided revenue for Q4 in a range of $2.39 billion to $2.44 billion, compared to Wall Street estimates of $2.42 billion.

Airbnb anticipates that its implied take rate in Q4 2024 will be slightly lower year-over-year, primarily due to one-time benefits recognized from unused gift cards in Q4 2023.