Airbnb Shares Fluctuate as Fourth Quarter Booking Outlook Beats Estimates

The company expects growth of nights and experience booked on its platform to be higher than the 8% expansion seen in the third quarter. Analysts, on average, expected a growth of 7.7%, according to estimates compiled by Bloomberg.

Adjusted earnings before interest, taxes, depreciation and amortization (Ebitda) margin is seen reaching 35.5% for all of 2024. That's higher than the 35.4% expected by analysts.

"Building on robust momentum in September, we are off to a great start in Q4 2024," the company said in its shareholder letter. "We are seeing strong demand trends in Q4 2024 across core and expansion markets for both long and short lead times."

The stock slipped 2% to $144.37 at 4:40 p.m., wiping off earlier gains that took the stock price to as high as $167.28 just after the results were released.

For the third quarter, the company reported a 9.9% increase in revenue to $3.73 billion, slightly surpassing consensus that called for $3.72 billion. Adjusted EBITDA reached $1.96 billion, higher than the $1.86 billion expected by analysts.