• 3 months ago
Airbnb shares fell 14% after the company reported second-quarter earnings that missed analyst expectations. Airbnb warned of moderating year-over-year growth in its "Nights and Experiences" category for the third quarter compared to the second quarter. The company said it is seeing shorter booking lead times globally and signs of slowing demand from U.S. guests. Users booked over 125 million nights and experiences in the second quarter, a record high. Since launching a new quality system over a year ago, Airbnb removed over 200,000 low-quality listings.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Airbnb shares fell 14% after the company reported second quarter earnings that missed
00:07Analytics' expectations.
00:09Airbnb warned of moderating year-over-year growth in its Nights & Experiences category
00:13for the third quarter compared to the second quarter.
00:16The company said it is seeing shorter booking lead times globally and signs of slowing demand
00:20from U.S. guests.
00:22Users booked over 125 million nights and experiences in the second quarter, a record high.
00:28Airbnb removed over 200,000 low-quality listings since launching a new quality system over
00:33a year ago.
00:34For all things money, visit Benzinga.com.

Recommended

0:39
I
Up next
After Amazon Blamed Trump And Olympics, Airbnb Paints Similar Grim Picture Of Falling Consumer Demand, But Says It Is Due To Israel War And New California Law
Benzinga
0:35
Gap Surpasses Wall Street Projections, Increases Annual Sales Outlook As It Goes Into A Promising Holiday Season
Benzinga
0:39
Iceland’s Reykjanes Peninsula Faces Seventh Eruption In 2024, Lava Fissure Spans Two Miles
Benzinga
0:59
Airbnb Stock Analysis #shorts
Bullish Studio
0:38
Airbnb Reports Slight Revenue Beat, Hints At Expansion Beyond Accommodations
Benzinga
0:33
Airbnb Soars 115% Valuation Past $100 Billion
Wochit
1:01
Snap's Q1 Results Miss Analysts' Expectations, Shares Fall 20%
Benzinga
0:29
Airbnb's Q1 Earnings Beat Expectations, Shares Fall in After-Hours Trading
Benzinga
0:40
Pinterest Shares Drop 15% on Weak Q4 Outlook Despite Beating Q3 Earnings Estimates
Benzinga
0:45
Snowflake Shares Skyrocket 32%, Achieving Best Day Since IPO After Beating Q3 Estimates
Benzinga
0:32
Nvidia Falls 3% After Earnings Beat Expectations But Falls Short of Wall Street’s Sky-High Growth Projections
Benzinga
0:39
Target Beats Q2 Earnings Forecast, but Weak Sales Prompt Guidance Downgrade"
Benzinga
0:37
Intuit Shares Drop 6% After Revenue Forecast Misses Expectations Amid Delayed Sales
Benzinga
0:38
Uber Beats Revenue Targets In Q3, Misses Gross Bookings Projection. CEO Dara Khosrowshahi Sees Opportunity To Invest In New Products
Benzinga
0:36
PayPal Shares Drop Amid Slower Revenue Forecast, CEO Cites Strategic Shift
Benzinga
0:36
Reddit Shares Soar 22%, Hits $100, After Q3 Earnings Beat Forecasts
Benzinga
0:33
Mattel, Hasbro Cut Year-End Outlook Amid Weak Toy Sales. Toymakers See Shares Decline
Benzinga
0:34
Temu Parent PDD Holdings Plummets Nearly 30% After Disappointing Q2 Results. Analyst Says, 'Panic Was Overblown' and May Present a Promising Investment Opportunity
Benzinga
0:34
Snap's Q3 Guidance Falls Below Analyst Expectations, as Monthly Active Users Exceed Expectations
Benzinga
2:34
Should you buy CrowdStrike stock? May 2023
Bullish Studio
0:36
eBay Shares Fall 9% After Weak Q4 Guidance Amid Election Distractions, Rising E-Commerce Competition
Benzinga
0:42
IBM Shares Slip On Q3 Net Loss Tied To One-Time Pension Charge
Benzinga
0:33
SoFi Technologies Q3 Earnings: Revenue Beat, EPS Beat, Raised Guidance Following 'Strongest Quarter' Ever
Benzinga
0:37
American Airlines Lowers Profit Forecast Amid Analyst Skepticism Over Strategy Moves
Benzinga
0:29
Adobe Beats Q3 Earnings and Revenue Estimates, Driven by Creative Cloud and Firefly AI. Stock Slides on Weak Q4 Guidance.
Benzinga