- Airbnb reported earnings after the market closed on Thursday.
- CEO Brian Chesky pointed to multiple growth areas for the company.
- He also teased a move beyond short-term rentals that Airbnb will make public in 2025.
Airbnb‘s third-quarter earnings report showed that the company keeps growing — and that 2025 will be the year it breaks into a new business.
The short-term rental platform grew revenue and bookings during the quarter that ended September 30, it said after the stock market closed on Thursday. Executives said they’re lining up long-term growth with its co-host program and an expansion beyond accommodations.
Here are the highlights from the earnings report:
Airbnb’s third-quarter revenue grew despite a slow start
Airbnb’s revenue for the quarter rose 10% to $3.73 billion. Analysts surveyed by Reuters expected revenue of $3.72 billion. Earnings per share of $2.13 missed analysts’ estimates of $2.14.
Nights and experiences booked jumped 8% to 122.8 million from the same period in 2023. Bookings were slow early in the quarter but picked up later, CEO Brian Chesky said on Thursday’s earnings call.
Shares of Airbnb were 4% lower at $141.55 in after-hours trading on Thursday.
Airbnb wants to get more people to list properties using co-hosts
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