Airbnb CEO Brian Chesky said the company is not growing fast enough. Photo: Reuters
Airbnb shares slid in early trading yesterday after the short-term rental company warned that sales growth may moderate in the second half of the year.
Third-quarter revenue will range from $4.02bn (€3.45bn) to $4.1bn, the company said in a statement late on Wednesday. That translates into an 8pc gain from a year earlier at the lower end, falling noticeably short of the nearly 13pc growth in the prior three months. Airbnb projected tougher growth rates toward the end of the current period and into the fourth quarter.
source