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...


Brought to you by RivalSense - an AI tool for monitoring any company.

RivalSense tracks the most important product launches, fundraising news, partnerships, hiring activities, pricing changes, tech news, vendors, corporate filings, media mentions, and other developments of companies you're following 💡


Airbnb

🌎 airbnb.com

Airbnb 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.

Sign up to receive regular updates


If you liked the insights, consider following your own companies of interest. Receive weekly insights directly to your inbox using RivalSense.