Airbnb Stock Hits 52-Week High - Here's Why - Airbnb (NASDAQ:ABNB)
Benzinga · Akanksha Bakshi ·
Airbnb stock surges as Q3 earnings top expectations with $4.87B in revenue, an upbeat outlook, and a new $12B buyback program.
Airbnb Inc. (NASDAQ:ABNB) stock surged in Friday’s premarket trading after the company reported better-than-expected third-quarter results Thursday and issued an upbeat revenue forecast.
Executives also highlighted artificial intelligence as a key growth driver. The technology is helping Airbnb launch products faster and lower customer support costs.
CEO Brian Chesky said Airbnb is using AI to improve operations while expanding its hotel business, pricing tools and flexible payment options.
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