On August 7, Airbnb, Inc. rose 8.75% in pre-market trading, trading at $164.86/share, with turnover of $571,000.

The surge was driven by the company's second-quarter earnings release, which exceeded expectations on all key metrics. Revenue reached $3.61 billion, surpassing the consensus estimate of $3.58 billion and representing 17% year-over-year growth. Adjusted EPS came in at $1.37, beating the expected $1.25 by approximately 9.6%, reflecting 33% year-over-year growth. Adjusted EBITDA rose 21% to $1.3 billion, with margins expanding to 35%.

The core catalyst for the stock's jump was the third-quarter revenue guidance of $4.69 billion to $4.77 billion, significantly above the Street consensus of $4.6 billion by approximately 2% to 3.7%. Strong global travel demand and the FIFA World Cup hosted jointly by the United States, Canada, and Mexico drove North American bookings to their highest growth rate in nearly three years. Multiple institutions had already raised price targets ahead of earnings, with Jefferies maintaining a Buy rating at $175 and Bank of America lifting its target to $160.

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