Airbnb Shares Fall After Mixed Q2 Results: EPS Miss, Revenue Beats
Portfolio Pulse from Erica Kollmann
Airbnb Inc. (NASDAQ:ABNB) shares fell after the company reported mixed Q2 results. While revenue beat estimates at $2.748 billion, EPS missed at 86 cents per share. Nights and Experiences Booked increased 9% year-over-year, driving $21.2 billion in gross booking value. Despite strong financial metrics, shares dropped 13.36% after-hours.
August 06, 2024 | 8:29 pm
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Airbnb reported mixed Q2 results with revenue beating estimates but EPS missing. Despite strong growth in bookings and financial metrics, shares fell 13.36% after-hours.
The mixed Q2 results, with a revenue beat but an EPS miss, led to a significant after-hours drop in Airbnb's stock price. Despite positive growth in bookings and financial metrics, the market reacted negatively to the EPS miss.
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