Rafael Henrique | LightRocket | Getty Images
Airbnb reported strong third-quarter profit growth and a beat on revenue estimates Thursday, as the company continues its recovery from Covid-19 and travel returns as vaccinations efforts ramp up worldwide.
Shares briefly rose more than 3% in after-hours trading before paring gains.
Here’s how Airbnb did compared with Wall Street estimates:
- Earnings per share: $1.22, which is not comparable to estimates
- Revenue: $2.24 billion vs. $2.05 billion estimated by Refinitiv
The company reported 79.7 million nights and experiences booked in the third quarter, a slight decrease from the second quarter. That was still up 29% year over year, when Covid-19…