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Yahoo Finance's Ines Ferre breaks down the latest earnings report from Airbnb.
SEANA SMITH: One of the big earnings reports that we were waiting for, Airbnb, just releasing its results. We want to get over to [? Annette ?] [? Spuray ?] for a closer look at these numbers. And then, taking a look at the stock price, moving just to the upside here on the heels of the numbers that we got. What do you have?
- That's right, it's a beat across the board. Second quarter gross bookings value coming in at $13.4 billion. That was a beat. Second quarter revenue coming in at $1.34 billion. That was a beat. A loss per share of $0.11, that was a strong beat.
Also, the company saying that its third quarter revenue was well above, or will be well above third quarter 2019 levels. Also, the company giving some commentary on the variant of COVID-19, saying that it will keep effecting near-term travel behavior. Some interesting commentary, also, in the company's shareholder letter, saying that Airbnb booking trends seen during the pandemic are here to stay, including stay outside of top destinations and long-term stays. Those longer-term stays in areas outside of urban cities tend to bring in higher rates. And that is what the company has been seeing. It had been seeing that in Q1, and also in Q2-- seeing that growth in non-urban areas and longer stays. Seana, Adam?