ABNB - Airbnb Stock Slides After Q3 Performance Q4 Outlook: Explainer | Benzinga
Airbnb Inc (NASDAQ: ABNB) reported third-quarter financial results Wednesday after the bell. Here's a rundown of the report.
Q3 Earnings: Airbnb said third-quarter revenue increased 18% year-over-year to $3.4 billion, which beat the consensus estimate of $3.37 billion, according to Benzinga Pro.
The company said its strong top-line results were driven by travel demand and foreign exchange rate tailwinds.
Airbnb reported quarterly earnings of $6.63 per share, which beat analyst estimates of $2.10 per share.
The company generated $1.3 billion in net cash provided by operating activities and free cash flow in the third quarter.
Gross booking value was up 17% year-over-year to ...