Short-term rental booking company Airbnb’s stock bounced around, up as much as 4% and down as much as 1%, in after-hours trading on Thursday as the company posted growing losses and a decline in revenue and bookings in its fourth-quarter earnings.
Here’s what they reported:
- Revenue: $859 million vs. $748 million forecast by Refinitiv
- Loss per share: $11.24
CNBC does not compare reported earnings to Wall Street estimates for a company’s first report as a public company, as uncertain share counts can skew expectations.
The company posted a net loss of $3.89 billion in the fourth quarter. That was down 1,005% from a loss of $352 million a year prior. Airbnb attributed much of the loss to…