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Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand

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Airbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand

Airbnb CEO and co-founder Brian Chesky speaks at The Fast Company Innovation Festival on September 21, 2022, in New York.

Eugene Gologursky | Getty Images Entertainment | Getty Images

Airbnb shares dropped 14% in after-hours trading after the company reported second-quarter earnings that missed analyst expectations and warned that it’s seeing signs of slowing demand from U.S. customers.

Here’s how the company did compared to LSEG estimates for the quarter ended June 30:

  • Earnings per share: $0.86 versus $0.92 expected.
  • Revenue: $2.75 billion versus $2.74 billion expected.

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