Airbnb upbeat on outlook after mixed Q3 results

Investing.com -- Airbnb struck an upbeat tone on guidance Thursday, after reporting mixed third-quarter results. 

Airbnb Inc (NASDAQ:ABNB ) shares were up 8% in aftermarket hours Thursday.

The company reported  EPS of $2.13 on revenue of $3.73 billion, compared with Wall Street estimates for EPS of $2.14 on revenue of $3.72B 

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

Average daily rate was $164 in Q3 2024, increasing 1% compared to Q3 2023.

Looking ahead to Q4, the company guided revenue in a range of $2.39B to $2.44B, compared with Wall Street estimates for $2.42B.

"We anticipate that our implied take rate in Q4 2024 will be slightly lower on a year-over-year basis, primarily due to one-time benefits recognized from unused gift cards in Q4 2023," the company said.

Source: Investing.com