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via finance.yahoo.comBusiness & Companies

Airbnb jumps nearly 10% after beating estimates and raising its full-year outlook

FROM THE WIRE · FINANCE.YAHOO.COM

Airbnb (ABNB) stock jumped nearly 10% on Friday after the peer-to-peer home rental company touted strong growth across its business and raised its full-year outlook amid robust global travel demand. "Airbnb is back in growth mode," CEO Brian Chesky said in a release to…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishEarnings, revenue and guidance above expectations put growth back at the center of the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Airbnb reported EPS of $3.16 versus $2.85 expected.
  2. 02Revenue grew 19% to $4.87 billion, above the $4.74 billion estimate.
  3. 03The company raised its full-year outlook and plans to develop its own AI agent.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Airbnb, Inc.ABNBStock188.76 USD+1.78%today +10.95%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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