Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand

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Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it’s seeing signs of slowing demand from U.S. customers.

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Here’s how the company did compared to LSEG estimates for the quarter ended June 30:

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Earnings per share: $0.86 versus $0.92 expected.

Revenue: $2.75 billion versus $2.74 billion expected.

Source: https://www.cnbc.com/2024/08/06/airbnb-shares-drop-14percent-on-earnings-miss-as-company-warns-of-slowing-us-demand.html