Airbnb posts $4.4 billion 3Q profit with help from a tax break and higher-than-expected revenue
Airbnb says it made nearly $4.4 billion in the third quarter on better-than-expected revenue and a tax benefit
By AP News
Published - Nov 01, 2023, 04:58 PM ET
Last Updated - Nov 01, 2023, 04:58 PM EDT
SAN FRANCISCO (AP) — Airbnb said Wednesday it earned $4.37 in the third quarter as it booked a large tax benefit and posted higher-than-expected revenue during the summer travel season.
However, the rental giant's forecast of fourth-quarter revenue fell short of Wall Street expectations.
Its shares fell more than 2% in after-hours trading.
Airbnb said that excluding the tax benefit, net income would have been $1.6 billion, up from $1.2 billion a year earlier.
