Airbnb (ABNB) Stock Falls on Muted Fourth-Quarter Bookings Forecast – Bloomberg

Bloomberg Daybreak Australia. Live from New York and Sydney. The latest news impacting markets, business and finance around the world.
Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy.
Follow Bloomberg reporters as they uncover some of the biggest financial crimes of the modern era. This documentary-style series follows investigative journalists as they uncover the truth
Nike Reports Robust Sales Amid Sustained Inventory Pileup
Big Oil Stages a Big Comeback as Exxon’s Valuation Passes Tesla
New Zealand Consumer Sentiment Drops to Record Low as Rates Rise
US Rent Inflation Is Slowing Fast in New Index Built by Fed Team
Chile Needs More Belt-Tightening Before Any Rate Cut, Central Bank Chief Says
Amazon, P&G Fall Short on Environmental Paper Goals, Group Says
Big Oil Stages a Big Comeback as Exxon’s Valuation Passes Tesla
Musk Is Looking for a New Twitter CEO After Losing Poll
Zuckerberg Says No VR Fitness App at Meta Doesn’t Keep Him up at Night
Musk’s Twitter Draws Deeper FTC Scrutiny Over Rising Privacy, Security Concerns
Slovak Parties Agree on Budget After Government Collapse
JPMorgan Seeks SEC ‘Pay-to-Play’ Waiver for $1,000 Campaign Gift
Billionaire Ishbia Nears $4 Billion Deal for NBA’s Phoenix Suns
Wells Fargo’s Problems Are Far From Over Even After Record $3.7 Billion Settlement 
Rapper-actor Common Revels in His Broadway Stage Debut
AP Sources: Giants Postpone Correa Intro for Medical Concern
Shipping’s Oil Era Is Coming to an End
Bank of Japan’s ‘Technical’ Policy Change Is Anything But
A Lamentable Move by the Jan. 6 Committee
China’s Hasty Reopening Is a Risky Bet That Beijing Can Control the Narrative
Apple Investors’ Loyalty Is Rewarded With a $454 Billion Gift
Child Care Faces $24 Billion Fiscal Cliff as Pandemic Aid Ends
Where the Taliban’s College Ban Fits in the History of Afghan Women
JPMorgan Investor Lambasts ‘Deficiencies’ in Racial Equity Audit
ESG Fund Downgrades Spark Complaint From Major EU Investor Group
Congress Poised to Torpedo Biden’s Climate Finance Commitment
Hackers Rigged the JFK Airport Taxi Line — And Scored $10 a Ride, Prosecutors Say
When Buses Are Free But Trains Aren’t
Homeowners Dominate Local Political Leadership. That’s Bad for Renters.
Hedge Funds Are Questioning Crypto’s Future (Podcast)
Jane Street Culture: A View Into SBF’s Roots (Podcast)’s World Cup Win Is Overshadowed by FTX Industry Chaos
Michael Tobin
Subscriber Benefit
Sign In
Airbnb Inc. shares fell after the company gave a disappointing outlook for bookings in the fourth quarter, suggesting that consumer preferences are shifting away from higher cost rentals that thrived during the pandemic and back to urban and cross-border destinations. 
The San Francisco-based home-sharing platform said it expects the pace of nights and experiences booked will “moderate slightly” in the fourth quarter compared with the third quarter’s gain of 25%. Airbnb reported 99.7 million nights and experiences booked in the three months ended in September, falling short of analysts’ estimates of 99.9 million. 


Leave a Comment

%d bloggers like this: