Airbnb, Inc. Bottom Line Drops In Q3, Misses Estimates

(RTTNews) - Airbnb, Inc. (ABNB) announced a profit for third quarter that decreased from the same period last year and missed the Street estimates.

The company's bottom line came in at $1.368 billion, or $2.13 per share. This compares with $4.374 billion, or $6.63 per share, in last year's third quarter.

Analysts on average had expected the company to earn $2.14 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 9.9% to $3.732 billion from $3.397 billion last year.

Airbnb, Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $1.368 Bln. vs. $4.374 Bln. last year. -EPS (Q3): $2.13 vs. $6.63 last year. -Revenue (Q3): $3.732 Bln vs. $3.397 Bln last year.