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via finance.yahoo.comMarkets

Airbnb shares rise after third-quarter results beat estimates and a $12 billion buyback

FROM THE WIRE · FINANCE.YAHOO.COM

Why Airbnb (ABNB) stock is up today What happened? Shares of online accommodations platform Airbnb (NASDAQ:ABNB) jumped 9.1% in the morning session after the company reported third-quarter financial results that exceeded Wall Street estimates and authorized a new $12 billion…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRevenue and earnings above consensus plus a new $12 billion buyback support the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Airbnb reported third-quarter revenue of $4.87 billion, up 18.9% year on year.
  2. 02GAAP earnings were $3.17 per share, above Wall Street estimates.
  3. 03The board authorized a new $12 billion share repurchase program.
  4. 04Shares jumped 9.1% in the morning session.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Airbnb, Inc.ABNBStock190.29 USDMarket closedtoday +0.16%Positive AIRBNB INC. DL-016Z1.FStock171.12 EURMarket closedtoday -0.21%Positive Airbnb IncAIRB34.SAStock53.35 BRLMarket closedtoday +1.33%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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