Airbnb has forecast third-quarter revenue above estimates and announced a $2bn (£1.6bn) share buyback, its first since going public.
The San Francisco-based property sharing platform expects current-quarter revenue of between $2.78bn and $2.88bn, higher than the average of analysts’ estimates of $2.77bn. It reported a net profit of $379m compared with a loss of $68m a year ago.
Despite the upbeat outlook the shares fell 7.4% to $107.75 in late trading on Wall Street.
Start your free trial today
Your trusted daily source of commercial real estate news and analysis. Register now for unlimited digital access throughout April.
Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
