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Airbnb Beats on Earnings — $3.16 EPS and $4.9 Billion Revenue — Yet the Stock Falls 3.5%
Airbnb beat Wall Street on almost every line that matters — and the stock still fell. The travel platform reported third-quarter results on Thursday, November 5, with earnings per share of $3.16 against a $2.85 consensus and revenue of $4.87 billion against $4.75 billion expected. The shares dropped 3.5% anyway. It is the classic earnings-season puzzle: a beat is not always enough. When a...
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