Airbnb shares slid as much as 6% in extended trading Thursday after the short-term home-rental company reported a smaller sum of nights and experiences booked in the second quarter than analysts had projected.
Airbnb’s revenue grew 18% year over year to USD 2.48 billion in the quarter, according to a statement. Net income reached USD 650 million, compared with about USD 379 million, or 56 cents per share, in the year-ago quarter.
The company reported USD 19.1 billion in gross booking value for the quarter. That was up 12% from the second quarter of last year and above the USD 18.99 billion consensus among analysts surveyed by StreetAccount.
Airbnb said it had 115.1 million nights and experiences booked during the quarter, up almost 11%, but less than the 117.6 million StreetAccount consensus. Nights and experiences booked increased 19% in the first quarter.
Read original article
