Airbnb (NASDAQ:ABNB) shares rose more than 1% intra-day today as the company exceeded revenue expectations and provided Q3 guidance that aligns with estimates.
The company’s Q2 EPS stood at 98 cents, with revenue amounting to $2.48 billion, showing an 18% increase compared to the previous year. Analysts had predicted earnings of 80 cents per share on revenue of $2.42 billion.
Airbnb’s Gross Booking Value experienced a 13% rise, reaching $19.1 billion. The company achieved its highest second-quarter bookings with 115.1 million nights and experiences booked, reflecting an 11% increase compared to the same period last year.
Looking ahead to the third quarter, Airbnb projects revenue between $3.3 billion and $3.4 billion, surpassing market consensus. Additionally, the company expects a moderate sequential increase in year-over-year growth for nights and experiences booked from the second to the third quarter.
