Republicans Raise National Security Concerns Over Intel’s Testing of China-Linked Chipmaking Tools 
Delta Air Lines President Glen Hauenstein to Retire, Leaving Legacy of Premium Strategy 
Maersk Vessel Successfully Transits Red Sea After Nearly Two Years Amid Ongoing Security Concerns 
ANZ New CEO Forgoes Bonus After Shareholders Reject Executive Pay Report 
Amazon in Talks to Invest $10 Billion in OpenAI as AI Firm Eyes $1 Trillion IPO Valuation 
Nike Shares Slide as Margins Fall Again Amid China Slump and Costly Turnaround 
Elliott Management Takes $1 Billion Stake in Lululemon, Pushes for Leadership Change 
Trump Administration Reviews Nvidia H200 Chip Sales to China, Marking Major Shift in U.S. AI Export Policy 
TikTok U.S. Deal Advances as ByteDance Signs Binding Joint Venture Agreement 
Robinhood Expands Sports Event Contracts With Player Performance Wagers 
Union-Aligned Investors Question Amazon, Walmart and Alphabet on Trump Immigration Policies 
MetaX IPO Soars as China’s AI Chip Stocks Ignite Investor Frenzy 
Apple Explores India for iPhone Chip Assembly as Manufacturing Push Accelerates 
Apple Opens iPhone to Alternative App Stores in Japan Under New Competition Law 
LG Energy Solution Shares Slide After Ford Cancels EV Battery Supply Deal 
Micron Technology Forecasts Surge in Revenue and Earnings on AI-Driven Memory Demand 
Sanofi’s Efdoralprin Alfa Gains EMA Orphan Status for Rare Lung Disease 
Airbnb Q3 2024 Earnings Miss Expectations, Positive Guidance for Q4
Airbnb Inc. reported mixed third-quarter results on Thursday. While revenue met expectations, earnings per share (EPS) fell shy of forecasts, causing a brief dip in its share price after an initial rise in aftermarket trading.
Q3 Earnings Recap
Airbnb posted a Q3 EPS of $2.13, slightly below Wall Street’s estimate of $2.14, with revenue reaching $3.73 billion—meeting expectations of $3.72 billion. Despite the earnings miss, total bookings for Nights and Experiences rose 8% year-over-year, reflecting strong growth across all regions. The average daily rate also saw a modest 1% increase, reaching $164, up from Q3 2023.
Q4 Guidance Remains Optimistic
Airbnb has set its Q4 2024 revenue guidance between $2.39 billion and $2.44 billion, aligning closely with analysts’ expectations of $2.42 billion. The company noted that the implied take rate might slightly decline year-over-year, attributing this to a one-time benefit from unused gift cards recognized in Q4 2023.
“We remain optimistic about Q4 as we continue to see robust global demand,” Airbnb stated in its report.
