Airbnb’s shares plunged by over 16pc in pre-market trading yesterday. Photo: Getty
Airbnb shares were on track for the biggest decline since its stock market flotation after the company issued yet another disappointing outlook and warned of slowing demand from US holidaymakers.
Bookings rose 8.7pc in the second quarter to 125.1 million, falling well below analysts’ estimates. And Airbnb said it expects “sequential moderation” of growth in bookings in the third quarter, too, signalling that results will disappoint analysts who had projected an 11pc gain amid the peak summer travel season.
