Why Airbnb Stock Is Popping After Earnings
Two days of pre-earnings stock price gains culminated in a third day of gains Friday -- up 15% as of 12:45 p.m. EST -- after earnings for Airbnb (NASDAQ: ABNB) were reported to shareholders. In the company's first earnings report since its IPO, Airbnb announced last night that, instead of the $748 million that analysts had projected, it did $859 million in revenue in Q4.
Granted, Airbnb also lost $3.9 billion for the quarter, but investors today don't seem to mind about that.
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Source Fool.com
