Arrr! Airbnb’s treasure chest be lighter by 14% as the landlubbers fret o’er wanin’ demand in the colonies!
2024-08-08
Arrr, matey! The Airbnb treasure sunk 14% in the night tide, as their doubloons fell short of the wise seafarers’ forecasts. They be speakin’ of a slowdown in landlubber demand! Earnings per share be 86 cents, when they be hopin’ for 92! The gold still flows, but not like before!
Arrr mateys! Gather 'round, fer I bring ye tidings from the treacherous seas of the stock market! It be a black day fer the fine folk at Airbnb, as their shares tumbled a hearty 14% in the after-hours trading waters! They be spouting tales o’ second-quarter earnings that fell short o’ what those landlubber analysts be expectin’, and they be warnin’ o’ a slowin’ tide in demand from the good ol’ U.S. of A!Now, let’s break it down, savvy? Fer the quarter that ended on June the 30th, their earnings per share be a mere 86 cents, when the scallywags o’ LSEG expected ’em to haul in 92 cents. Yet, to be fair, their treasure chest still jingled with $2.75 billion in revenue, just a tad above the anticipated $2.74 billion. Aye, that be an increase of 11% from the year before, so there be some silver lining in this stormy sky!
In the end, Airbnb counted a net income of $555 million, but the winds be shiftin’, and the crew be worried about the dwindlin’ demand. So hoist the sails and prepare fer choppy waters ahead, if ye be askin’ this ol’ sea dog!