By 
Brian Chesky, CEO and Co-founder of Airbnb
Mike Segar | Reuters
Airbnb beat Wall Street estimates for earnings and posted revenue that was in line with estimates for the second quarter. The company also announced a $2 billion share buyback program.
Shares were down about 9% after hours, despite what appeared to be a strong report, suggesting Wall Street was looking for faster growth and a revenue beat. The company also said it was impacted by flight cancellations at the end of the quarter.
Here are the key numbers:
- Earnings per share: $0.56 vs. $0.43 expected by analysts, according to Refinitiv.
- Revenue: $2.10 billion vs. $2.11 billion expected by analysts, according to Refinitiv.
Airbnb, like…
Source cnbc.com
