After the travel boom in the summer, the apartment broker Airbnb dampened expectations for the final quarter. That didn’t go down well with investors.
The company announced on Tuesday after the US stock market closed that the proceeds should be a maximum of 1.9 billion US dollars. Airbnb has warned that demand for bookings is likely to slow from the previous quarter, when revenue grew about 29 percent year-on-year to $2.9 billion. That was not well received by investors, the stock fell by around seven percent in after-hours trading. Third-quarter earnings rose 46 percent to $1.2 billion, beating market expectations.