Airbnb Q2 revenue increased 11% to $2.75bn, but stock fell 13% due to slowing North American demand.
Airbnb's Q2 revenue rose 11% to $2.75bn and gross booking value increased 11% to $21.2bn, but its stock fell 13% following the earnings release due to lead times in North America and slowing demand. Despite concerns, Airbnb is expanding internationally and relaunching its Experiences segment. Its forward P/E ratio of 28 is high, potentially making it expensive for some investors. However, the company's future growth prospects and international expansion may make it more attractive at a lower price.
August 18, 2024
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