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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

Airbnb shares soar after it smashes earnings estimates

Earnings, revenues, and the outlook impressed traders with the stock up more than 14% at one point. Trading all-sessions on the IG platform, the company said the unexpected upside in its fourth quarter carried on into 2023.

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(Video Transcript)

Airbnb shares jump

Shares of Airbnb ended up 13.9% all-sessions on the IG platform late last night after it produced earnings and revenues and the output, that beat estimates across the board.

Share price chart

Let's take a look at what's happened with the share price, because you can see it's crashing away through this line of resistance at 12140, ending at 13218, up a whopping 13.93% at the close last night, earnings per share, $0.48. We've been looking for $0.25. Revenues were at $1.9 billion. We've been looking for $1.86 billion. And revenue for the fourth quarter was up 24% year-over-year (YoY).

Airbnb also said it's seeing continued strong demand at the start of this year, 2023. It expects revenue in the first quarter to be between $1.75bn and $1.82bn above the $1.69 billion forecast.

And you can see that the share price ended up last night close to levels not seen since the 9th of May last year, in a turnaround for the stock, that's been under a lot of pressure because of the Covid-19 lockdowns.


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