Airbnb stock up 11% as revenue jumps
Portfolio Pulse from
Airbnb's stock rose by 11% following its third-quarter earnings report, which showed a 10% year-over-year increase in revenue to $3.73 billion, despite slightly missing analysts' expectations.
November 07, 2024 | 9:30 pm
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Airbnb's stock increased by 11% after reporting a 10% rise in Q3 revenue to $3.73 billion, despite slightly missing analyst expectations.
The 11% increase in Airbnb's stock price indicates a positive market reaction to the company's 10% revenue growth, despite the earnings slightly missing expectations. This suggests investor confidence in Airbnb's growth trajectory.
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