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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.
