InfoAfrik.com

Reliable Africa & Global News…

Airbnb shares drop 12% as company flags weakening US demand

Vacation rental company reports second-quarter profit of $555m compared to last year’s $650m

The vacation rental company Airbnb forecast third-quarter revenue below Wall Street estimates on Tuesday and reported a lower second-quarter profit, as it flagged weakening demand from US customers.

Shares of the company were down about 12% after the bell.

Continue reading…

About Author

Subscribe To Our Newsletter