Airbnb Shares Climb After Mixed Q3 Earnings: EPS Miss, Revenues Beat

Core Insights - Airbnb's Q3 earnings report showed mixed results, with earnings per share of $2.21 missing the consensus estimate of $2.32, while revenue of $4.09 billion exceeded expectations of $4.07 billion [2][4] Financial Performance - Quarterly earnings per share were reported at $2.21, below the expected $2.32 [2] - Revenue for the quarter reached $4.09 billion, surpassing the Street estimate of $4.07 billion [2] - Adjusted EBITDA exceeded $2 billion, marking the highest in any quarter for the company [4] - Gross Booking Value (GBV) increased by 14% year-over-year to $22.9 billion [3][4] - Nights and Seats Booked rose by 9%, indicating strong demand [4] Market Outlook - For Q4, Airbnb projects revenue between $2.66 billion and $2.72 billion, slightly above the analyst estimate of $2.67 billion [5] - Following the earnings report, Airbnb's stock price increased by 4.38% to $125.81 in extended trading [5]