Airbnb Stock Down On Q3 Earnings: 'Building On Robust Momentum In September, We Are Off To A Great Start In Q4'

Airbnb Inc (NASDAQ:ABNB) reported third-quarter financial results Thursday after the bell. Here’s a rundown of the report.

Q3 Earnings: Airbnb reported third-quarter revenue of $3.70 billion, missing the consensus estimate of $3.72 billion. The company reported third-quarter earnings of $2.13 per share, missing analyst estimates of $2.16 per share, according to Benzinga Pro.

Total revenue was up 10% year-over-year. Gross booking value totaled $20.1 billion, up 10% year-over-year. Nights and Experiences booked came in at $122.8 million, up 8% year-over-year.

Airbnb said it generated $1.1 billion of free cash flow during the quarter. The company ended the quarter with $11.3 billion in cash, cash equivalents, short-term investments and restricted ...

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