Airbnb reported second-quarter outcomes on Wednesday that beat analysts’ expectations.
This is how the corporate did primarily based on common analysts’ estimates compiled by LSEG:
- Earnings per share: $1.03 vs. 93 cents anticipated
- Income: $3.10 billion vs. $3.04 billion anticipated
Income elevated 13% from $2.75 billion throughout the identical interval final yr. The corporate reported web earnings of $642 million, or $1.03 per share, up from $555 million, or 86 cents per share, a yr earlier.
Within the third quarter, Airbnb expects to report income of $4.02 billion to $4.10 billion, or $4.06 billion in the midst of the vary. Analysts had been anticipating $4.05 billion for the interval, in accordance with LSEG.
In a letter to shareholders, the corporate stated it had a powerful second quarter, even in opposition to a risky macroeconomic backdrop. U.S. President Donald Trump’s sweeping tariff and commerce insurance policies plunged markets into chaos for a lot of April.
“Regardless of world financial uncertainty early within the quarter, journey demand picked up, and nights booked on Airbnb accelerated from April to July,” the corporate stated.
Airbnb reported 134.4 million nights and seats booked, up 7% from a yr in the past and above the 133.35 million anticipated by StreetAccount.
Gross reserving worth, which Airbnb makes use of to report host earnings, service charges, cleansing charges and taxes, totaled $23.5 billion within the second quarter. That determine is above the $22.66 billion anticipated by analysts polled by StreetAccount.
Airbnb stated it obtained authorization for a brand new share repurchase program of as much as a further $6 billion of Class A standard inventory. The corporate stated it repurchased $1 billion of Class A standard inventory through the second quarter, and beforehand had authorization to buy $1.5 billion extra as of June 30.
Airbnb shares had been down barely in prolonged buying and selling. They’ve slipped 0.7% for the yr as of Wednesday’s shut, whereas the Nasdaq is up nearly 10%.
Airbnb will maintain its quarterly name with traders at 4:30 p.m. ET.
