In the third quarter, Airbnb’s profits increased to $4.4 billion due to a tax advantage and higher revenue than anticipated.
Airbnb reported earnings of $4.37 billion in the third quarter, boosted by a significant tax benefit and strong revenue from summer travel. Unfortunately, the rental company’s prediction for fourth-quarter earnings did not meet the expectations of Wall Street. The company’s stocks experienced a decrease of over 2% during after-hours trading. Airbnb reported that without factoring
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