Airbnb Reports Q2 Beat, Shares Rise
<p><a href='https://financialmodelingprep.com/financial-summary/ABNB'>Airbnb (NASDAQ:ABNB)</a> shares rose more than 1% intra-day today as the company exceeded revenue expectations and provided Q3 guidance that aligns with estimates.</p>
<p>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.</p>
<p>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. </p>
<p>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.</p>

NASDAQ:ABNB