Airbnb shares rise on revenue beat, stronger-than-expected forecast

Core Insights - Airbnb's shares rose by up to 5% in extended trading following a strong third-quarter earnings report that exceeded analysts' revenue estimates and provided optimistic guidance [1][2] Financial Performance - Revenue for the third quarter increased by 10% to $4.10 billion, compared to $3.73 billion in the same period last year, surpassing the expected $4.08 billion [1][4] - Net income was reported at $1.374 billion, or $2.21 per share, slightly up from $1.368 billion, or $2.13 per share, a year earlier [1] - Adjusted EBITDA reached $2.1 billion, marking the highest quarterly figure for the company [4] Future Guidance - For the fourth quarter, Airbnb anticipates revenue between $2.66 billion and $2.72 billion, with analysts expecting $2.67 billion [2] Operational Highlights - The company reported 133.6 million nights and seats booked, a 9% increase year-over-year, exceeding the expected 131.75 million [3] - Gross booking value totaled $22.9 billion in the third quarter, up 14% year-over-year, surpassing the expected $21.9 billion [4] Strategic Focus - Airbnb is concentrating on four key areas for growth: enhancing service quality, expanding global reach, broadening offerings, and integrating AI into its application [3]