Airbnb Stock Slumps Amid Weak Q3 Revenue Forecast
Airbnb shares took a hit, dropping 13% in after-hours trading after the company reported mixed second-quarter results. The vacation rental platform posted revenue of $2.75 billion, slightly above the consensus estimate of $2.74 billion and up 11% YoY. However, adjusted earnings per share were $0.86, missing analyst projections of $0.91.
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