Airbnb narrowly missed third-quarter earnings expectations but reported a slight revenue beat, marking growth from the previous year. Airbnb highlighted strong growth in expansion markets, with nights booked doubling the growth rate of core markets. The company aims to expand beyond accommodations, with more details expected next year. Airbnb reported over 8 million active listings and noted efforts to enhance quality by removing more than 300,000 listings since last year. After-hours trading saw the stock decline by 3%.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Airbnb narrowly missed third quarter earnings expectations,
00:05but reported a slight revenue beat, marking growth from the previous year.
00:10Airbnb highlighted strong growth in expansion markets,
00:13with Knight's Books doubling the growth rate of core markets.
00:16The company aims to expand beyond accommodations with more details expected next year.
00:21Airbnb reported over 8 million active listings and noted efforts to enhance quality
00:26by removing more than 300,000 listings since last year.
00:30After-hours trading saw the stock decline by 3%.
00:33For all things money, visit Benzinga.com slash GSTV.