Airbnb Expects Q3 Revenue Of $3.67B-$3.73B, Representing Y/Y Growth Of 8% To 10%; Est $3.836B
Portfolio Pulse from Benzinga Newsdesk
Airbnb has announced its expected Q3 revenue to be between $3.67 billion and $3.73 billion, representing a year-over-year growth of 8% to 10%. However, this is below the estimated $3.836 billion.
August 06, 2024 | 8:26 pm
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Airbnb's Q3 revenue forecast of $3.67B-$3.73B indicates 8%-10% Y/Y growth but falls short of the $3.836B estimate, which may lead to short-term negative sentiment.
The revenue forecast shows growth but is below market expectations, which could lead to a negative short-term impact on the stock price as investors react to the lower-than-expected guidance.
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