Airbnb (ABNB): Shares fell in extended trading after the company warned of slowing growth in the fourth quarter. Airbnb expects Night and Experience Books growth to moderate slightly in the third quarter compared with the same period last year, in part due to pressure from foreign exchange headwinds. For the third quarter, Airbnb posted its most profitable quarter and record revenue, while active listings grew 15% from a year ago. Nights and Experience pre-orders increased 25% from a year ago to 99.7 million.
Advanced Microphone Device (AMD): CFRA’s Angelo Zino told Yahoo Finance. Revenue for the quarter was 5.6 billion while adjusted profit was 67 cents per share. Fourth-quarter revenue guidance of $5.2 billion to $5.8 billion missed Wall Street expectations.
Mondelez (MDLZ): The company raised its revenue and profit forecasts and posted third-quarter results that beat expectations, pushing the stock higher after hours. Revenue was $7.76 billion, up 8.1% from a year ago. CEO Dirk Van de Put wrote in the earnings release, “Our third-quarter performance demonstrates the resilience of our fast food categories, the strength of our brands, Our broad-based net sales growth in both emerging and developed markets, efficient pricing execution and solid volume growth, allow us to enhance our full-year revenue and earnings outlook mine. “
Electronic Arts (EA): The company cut its financing for full-year net bookings from $7.65 billion to $7.85 billion, down from its original forecast of $7.9 billion to $8.1 billion. In the second fiscal quarter, EA’s net bookings fell 5.2% year-over-year to $1.75 billion while full-game revenue fell 2.4% year-over-year to 602 millions of dollars.
Competition (MTCH ONLY): Shares rose after the company’s fourth-quarter revenue topped estimates. Revenue for the quarter was $809.5 million, up 1% from a year ago. Match also outlined a cost control plan, noting in its shareholder letter, “As we expect a challenging operating environment in the near future, we plan to accelerate our cost control efforts, especially in the costs associated with staffing and marketing spending, in other areas of the business.”
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