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MarketBeat

Chris Markoch

Airbnb Beats Earnings, But the Growth Story Is Losing Altitude

Airbnb ABNB Brian Chesky MarketBeat

Airbnb Inc. (NASDAQ: ABNB) stock is down 9.1% the day after the company’s second-quarter earnings report. The company beat on the top and bottom lines with earnings per share (EPS) of $1.03 and revenue of $3.10 billion. Those numbers were year-over-year (YOY) gains of 19% and 12% respectively.

But headline numbers show where a company has been, not where it’s going. In the case of Airbnb, the company delivered tepid guidance for the coming quarter.

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