Investing.com -- Airbnb Inc (NASDAQ:ABNB) shares were rising after it beat expectations on revenue and gave third quarter guidance that was inline with estimates.
The company reported earnings per share of 98 cents on revenue of $2.48 billion, up 18% from one year ago. Analysts expected second-quarter earnings of 80 cents a share on revenue of $2.42B.
Shares are up 0.7% in late trading. They are up 64% so far this year.
Gross booking value rose 13% to $19.1B. Airbnb said nights and experiences booked rose 11% from the same time last year to 115.1 million, its highest second quarter ever. It saw growth in all regions, with Asia Pacific notching the strongest growth. The company said it continues to see signs that travelers are returning to cities.
For the third quarter, Airbnb guided to revenue of $3.3B to $3.4B, beating consensus. It expects a modest sequential increase in year-over-year growth in nights and experiences booked from the second to the third quarter.