Airbnb Stock Rises on Revenue Beat Despite Earnings Miss
Airbnb shares climbed 2% in extended trading after reporting fourth-quarter revenue that surpassed analyst expectations, though earnings fell short. The company posted $2.78 billion in revenue, beating estimates of $2.72 billion, while adjusted earnings per share came in at 56 cents versus the anticipated 66 cents.
Gross booking value jumped 16% to $20.4 billion, exceeding forecasts, as nights and experiences booked reached a record 121.9 million. The company's guidance for the current quarter also topped expectations, signaling confidence in sustained growth despite higher tax charges and investment costs.