Airbnb Swings to Bigger-Than-Expected Profit, Sending Stock Soaring

Airbnb (ABNB) swung to a bigger-than-expected profit in the fourth quarter, sending shares soaring in extended trading Thursday. The company’s revenue grew 12% year-over-year to $2.5 billion, above the analyst consensus tracked by Visible Alpha. Its net income of$461 million, or 73 cents per share, compared to a loss of $349 million, or 55 cents per share, a year earlier, beating expectations.  The gains came as bookings rose 12% to 111 million, with growth across regions. Airbnb's gross booking value was ...