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Airbnb Profits Are on Fire. Time to Buy the Stock?

TheMotleyFool

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Airbnb Profits Are on Fire. Time to Buy the Stock?: https://g.foolcdn.com/editorial/images/720837/airbnb-milan.jpg

There was no #Airbnbust for Airbnb (NASDAQ: ABNB) in its fourth-quarter earnings report.

Despite trending complaints about cleaning fees and chore lists on the home-sharing platform, the company reported strong numbers Tuesday night, outpacing both its own guidance and Wall Street estimates, and the stock jumped 10% in after-hours trading on the earnings report.

In the fourth quarter, revenue rose 24%, or 31% on a currency-neutral basis, to $1.9 billion -- better than the company's own guidance at 17%-22% revenue growth and ahead of analyst estimates at $1.86 billion.

Source Fool.com

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