Airbnb reports Q2 revenue up 11% YoY to $2.75B, above estimates, Nights and Experiences Booked up 9% YoY, and Q3 guidance below est.; ABNB drops 14%+
Revenue Q2 revenue of $2.75 billion increased 11% compared … Rohan Goswami / CNBC : Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand Ana Altchek / Business Insider : Airbnb just dropped more bad news about the US consumer Bill Peters / MarketWatch : Airbnb's warning on U.S. demand may ‘further stoke the soft-consumer thesis,’ analyst says Rocket Drew / The Information : Airbnb Warns of U.S. Growth Slowdown Dennis Schaal / Skift : The Airbnb Growth Juggernaut Just Slowed Reuters : Airbnb shares tumble after warning of slowdown amid troubling trend by travelers Morgan Hines / PhocusWire : Airbnb focused on “strategic priorities” amid solid second quarter Ryan Deffenbaugh / Investor's Business Daily : Airbnb Stock Tumbles On Earnings Miss, Warning About Slowing U.S. Demand Anita Hamilton / Barron's Online : Airbnb Shares Fall on Earnings Miss X: Gary Black / @garyblack00 : $ABNB -13% after giving weak 3Q rev guide, warning of slowing demand from US travelers, and “sequential moderation” of growth on 3Q nights and experiences vs 2Q. Airbnb posted +8.7% gain for nights and experiences for 2Q vs +9.7% estimate. 3Q will be even flatter vs analysts @thetranscript_ : $ABNB CEO: “I look at $AAPL, I look at $AMZN. Apple at one point was selling iMac, Amazon was only selling books. We've gotten bigger than either of those companies just selling short-term rentals. We're ready to go beyond short-term rentals...you'll begin to see that next year”