Airbnb beats on top and bottom lines for second quarter
Airbnb On Wednesday, the second quarter of the analysts reported the results of the analysts.
The company made this based on the estimates of the average analysts compiled by LSEG:
- Earning per share: $ 1.03 and 93 cents are expected
- Revenues: Expected for $ 3,10 billion and $ 3.04 billion
In the same period last year, income increased by 13% of $ 2.75 billion. The company reported a net revenue of $ 642 million per share of $ 555 million or $ 1.03 per share from $ 555 million or $ 1.03 per share.
In the third quarter, Airbnb expects an income from $ 4.10 billion or $ 4.06 billion in the middle of the range. According to LSEG, analysts were waiting for $ 4.05 billion for the period.
In a letter to the shareholders, the company said that it has a strong second quarter even against a variable macroeconomic floor. US President Donald Trump’s comprehensive tariff and trade policies left the markets in a large part of April to chaos.
“Despite the global economic uncertainty, at the beginning of the quarter, the demand for travel increased and the nights in Airbnb were reserved.
Airbnb increased by 7% compared to a year ago, 134.4 million nights and seats were reserved and over 133.35 million expected by Streetaccount.
Airbnb’s gross reservation value used to inform the host earnings, service fees, cleaning fees and taxes was 23.5 billion dollars in the second quarter. This figure is over $ 22.66 billion expected by the analysts who participated in the survey by Streetaccount.
Airbnb said it has received permission for a new stock recipient program, which is a class A Stock, up to $ 6 billion. The company said that it took back a class A stock of $ 1 billion in the second quarter and had the authority to purchase more $ 1.5 billion as of June 30th.
Airbnb shares fell by 6% in change trade. While Nasdaq increased almost 10%, they fell 0.7% for the year from the closing of Wednesday.
