Airbnb Lifts Full-Year Revenue Outlook to Mid-Teens Growth, Shares Jump 10%
ABNB sits 50% above its 52-week low of $110.81.
Summary
Airbnb raised its full-year revenue growth forecast to at least mid-teens, up from prior low- to mid-teens guidance, citing accelerating global demand and AI-driven product improvements. Q2 results beat across the board: revenue of $3.61B (+17% YoY), EPS of $1.37 vs. $1.26 expected, and gross bookings of $27.2B. Q3 revenue guidance of $4.69B-$4.77B also topped consensus. The stock surged 10% after hours to $167.25, building on a 12% year-to-date gain. CEO Brian Chesky emphasized AI as a transformative force, enabling faster feature rollouts that are boosting conversion rates. This follows a pattern of strong execution and insider selling near 52-week highs, with co-founder Joseph Gebbia recently offloading $315.9M in shares.
At the time of this announcement, ABNB was trading at $166.60 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $91.4B. The 52-week trading range was $110.81 to $156.50. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.