Posted: November 1, 2023 at 4:13 pm ET
By Denny Jacob
Airbnb released its outlook for the current quarter in tandem with its latest results.
The home-sharing company expects fourth-quarter revenue of between $2.13 billion and $2.17 billion, which would fall between 12% and 14% year-over-year growth. Analysts polled by FactSet had expected $2.18 billion.
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By Denny Jacob
Airbnb released its outlook for the current quarter in tandem with its latest results.
The home-sharing company expects fourth-quarter revenue of between $2.13 billion and $2.17 billion, which would fall between 12% and 14% year-over-year growth. Analysts polled by FactSet had expected $2.18 billion.
The San Francisco-based company said in a letter to shareholders that it sees greater volatility at the start of the quarter after a record summer travel season during the third quarter.
“We saw greater volatility early in Q4, and are closely monitoring macroeconomic trends and geopolitical conflicts that may affect travel demand,” Airbnb said.
Companies in the travel space have faced a flurry of challenges, the latest being the war in Israel. Royal Caribbean and Norwegian Cruise Line Holdings this week said their financial performance would be pressured by cruise cancellations given the war between Israel and Hamas.
Airbnb said it expects growth in its booked nights in the fourth quarter to moderate compared to the third quarter. The company also forecast record adjusted earnings before interest, taxes, depreciation and amortization in the current quarter on a nominal basis and an adjusted Ebitda margin that exceeds the prior-year period.
Write to Denny Jacob at denny.jacob@wsj.com
