Airbnb (ABNB – Free Report) reported third-quarter 2024 adjusted earnings of $2.13 per share, missing the Zacks Consensus Estimate by 1.84%.
The latest lag follows the second-quarter 2024’s miss of 6.52%. ABNB’s earnings beat the Zacks Consensus Estimate in the remaining two of the trailing four quarters, the earnings surprise being 20.83%, on average.
Find the latest EPS estimates and surprises on Zacks Earnings Calendar.
Revenues of $3.73 billion increased 10% year over year, both on a reported and FX-neutral basis. The top line beat the Zacks Consensus Estimate by 0.26%. The year-over-year increase was driven by the growth of nights stayed on the platform.
ABNB Shares Fall Post Q3 Earnings
ABNB shares were down 4.56% in after-hours trading following the results due to sluggish near-term guidance. Higher marketing and product development expenses are expected to hurt the adjusted EBITDA margin in the fourth quarter of…