Airbnb IncABNB
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Q2 revenue beat and raised full-year outlook
Impact on stocks 1
Consumer Discretionary
Airbnb IncAirbnb second-quarter revenue beats estimates as World Cup drives user growth
Earnings
Airbnb reported second-quarter results with revenue topping market expectations. Alongside solid global travel demand, new users increased during the FIFA World Cup co-hosted by the United States, Canada, and Mexico, pushing North American bookings to their fastest growth in about three years. Revenue came in at 3.61 billion dollars, with earnings per share of 1.37 dollars, and the company raised its full-year revenue outlook to at least mid-teens percentage growth. Following the results, shares rose 10.8 percent in after-hours trading.
Airbnb IncQ2 revenue beat and raised full-year outlook