Why Airbnb shares are down despite ‘biggest and most profitable quarter ever’
Airbnb guided fourth-quarter revenue between $1.80 billion and $1.88 billion, putting the low-end of that range below analyst expectations.
Airbnb had a stellar third quarter, indicating consumers have continued traveling despite inflationary concerns. But the home-sharing giant offered a disappointing outlook for bookings in the fourth quarter, sending shares down more than 7% in after-hours trading.
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