Brian Chesky, CEO and Co-founder of Airbnb
Mike Segar | Reuters
Shares of Airbnb rose about 9% in extended trading Tuesday after the company released fourth-quarter earnings that beat analysts’ estimates on top and bottom lines.
Here’s how the company did:
- EPS: 48 cents vs. 25 cents expected by analysts, according to Refinitiv.
- Revenue: $1.90 billion vs. $1.86 billion expected by analysts, according to Refinitiv.
Revenue for the fourth quarter was up 24% year over year. Airbnb reported $319 million in net income for the quarter, up from $55 million a year earlier, and adjusted earnings before interest, taxes, depreciation, and amortization of $506 million, surpassing the $432 million expected…
Source cnbc.com