Airbnb sinks on disappointing Q3 revenue outlook

2024-08-07 04:25:00+00:00 - Scroll down for original article

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Airbnb reported second quarter revenue of $2.75 billion which was about in line with the expected $2.74 billion. For Q3, the company expects revenue between $3.67 billion and $3.73 billion, which is short of the $3.84 billion Wall Street was expecting. In the shareholder letter, the company writes, "we are seeing shorter booking lead times globally and some signs of slowing demand from U.S. guests." Market Domination Overtime anchors Julie Hyman and Josh Lipton along with Interactive Brokers Chief Strategist Steve Sosnick discuss the report in the video above. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich.