Airbnb | Latest News & Updates - Nov 11, 2024 Release
On November 8, 2024, Airbnb's shares fell 4% after narrowly beating third-quarter revenue estimates but missing profit expectations due to heavy marketing expenses in international markets...
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Airbnb
🌎 airbnb.comAirbnb is an online platform that connects hosts who want to rent out their homes with guests looking for accommodations. Founded in 2007, it has grown to over 5 million hosts and has facilitated over 1.5 billion guest arrivals worldwide. The platform offers a variety of unique stays and experiences, allowing guests to connect with local communities authentically.
Airbnb - Latest News and Updates
- On November 8, 2024, Airbnb's shares fell 4% after narrowly beating third-quarter revenue estimates but missing profit expectations due to heavy marketing expenses in international markets.
- On November 7, 2024, France approved a bill to regulate Airbnb rentals to address affordable housing shortages, despite Airbnb's concerns about the impact on hosts.
- Airbnb is presenting three talks at KubeCon 2024 in Salt Lake City, Utah, showcasing their innovative solutions in cloud infrastructure.
- Airbnb is currently hiring for the position of Policy Lead, Adventure & Rocky Mountains in the United States.
- Airbnb is currently hiring a Policy Lead, Northeast Atlantic in the United States.
- Airbnb CEO Brian Chesky emphasized that smaller hosts managing three to five properties provide a more local and personalized experience compared to large-scale operations.
- Airbnb CEO Brian Chesky announced the company's co-host program and hinted at a 2025 expansion into a new business.
- Airbnb plans to expand 'beyond accommodations' in 2025 with details to be revealed next year, following an 8% increase in summer quarter bookings.
- Airbnb's CEO announced a renewed focus on affordability as critical for future growth, following a 10% revenue increase to $3.7 billion for the quarter ending September 30.
- Airbnb reported a 10% year-over-year revenue increase to $3.73 billion in Q3 2024, slightly beating expectations, but missed on earnings, causing a 3% drop in after-hours trading.
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