Airbnb reported third-quarter revenue of $4.87 billion, up 19% year over year and above the $4.75 billion analyst estimate, while net income rose 38% to $1.89 billion. It expects fourth-quarter revenue of $3.22 billion to $3.28 billion and raised its full-year revenue growth and adjusted EBITDA margin outlook.
Airbnb's third-quarter revenue rose 19% year over year to $4.87 billion, beating analysts' $4.75 billion estimate. Net income increased 38% to $1.89 billion, and earnings per share were $3.16.
The company expects fourth-quarter revenue of $3.22 billion to $3.28 billion, up 16% to 18% and above analysts' $3.16 billion estimate. Airbnb raised its full-year revenue growth outlook to the high teens and its adjusted EBITDA margin outlook to approximately 36%, compared with analysts' 35.1% estimate. The company cited double-digit booking growth across core and expansion markets, faster North American nights-booked growth, moderately higher average daily rates and more than 50 new products and features.
Airbnb authorized a new $12 billion share buyback.
