Airbnb Q2 Earnings: Revenue, EPS Beat Estimates; Stock Repurchase

Airbnb Inc (NASDAQ:ABNB) reported financial results for the second quarter on Wednesday after the bell. Here’s a look at the key metrics from the period.

Q2 Earnings: Airbnb reported a 13% year-over-year increase in second-quarter revenue to $3.1 billion, which beat analyst estimates of $3.03 billion. The company reported second-quarter earnings of $1.03 per share, beating analyst estimates of 93 cents per share, according to Benzinga Pro.

Gross booking value totaled $23.5 billion, up 11% year-over-year. Nights and Experiences booked came in at 134.4 million, up 7% year-over-year.

Airbnb said it generated $1 billion of free cash flow during the second quarter. The company ended the period with $11.4 billion in cash, cash equivalents, short-term investments ...