Airbnb Inc (NASDAQ:ABNB, ETR:6Z1) shares fell nearly 7% in pre-market trading, putting the company on track to lose over $5 billion in value, despite reporting second-quarter results that beat expectations. Revenue for the quarter rose 13% to $3.1 billion and net income grew 16% to $642 million, both ahead of analyst forecasts.
I love Airbnb as a user and host and bought shares at what I felt were fair prices. Despite my enthusiasm, Airbnb's stock performance lagged behind the broader market over time. I made Airbnb my second-largest portfolio position after Alphabet, reflecting my initial conviction.
Shares of Airbnb slumped 6% before the bell on Thursday after the company forecast slower growth in the second half of the year, disappointing investors of the sector expecting a rebound in travel demand after strong outlooks from major travel firms.
A slew or company results were causing big market moves ahead of the opening bell Thursday, and for many, earnings-beat wasn't enough to prevent a selloff.
CEO Brian Chesky said Airbnb is undergoing a transformation to an AI-first app. Airbnb has rolled out AI for customer service and said its expanding on what agents can do.
Airbnb, Inc. (NASDAQ:ABNB ) Q2 2025 Earnings Conference Call August 6, 2025 4:30 PM ET Company Participants Angela Yang - Director of Investor Relations Brian Chesky - Co-Founder, CEO, Head of Community & Chairman of the Board Elinor B. Mertz - Chief Financial Officer Conference Call Participants Brian Thomas Nowak - Morgan Stanley, Research Division Colin Alan Sebastian - Robert W.
Airbnb's strong quarterly results on Wednesday showed that despite economic uncertainty due to global tariffs and geopolitical instability, consumers are resilient.
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