Airbnb (NASDAQ: ABNB) shares rose 6.5% following the company's announcement of record summer bookings and accelerating international growth. The stock traded at $158.40, up from the previous close of $148.80.
The company reported 125 million nights and experiences booked in the second quarter, a 15% increase year-over-year. International markets showed exceptional strength, with bookings in Europe up 22% and Asia-Pacific up 35%. Average daily rates increased 8% globally.
'Our global platform is resonating with travelers seeking authentic, local experiences,' said Brian Chesky, Airbnb CEO. 'International growth is accelerating as we expand into new markets and categories.'
The company also announced expansion into long-term rentals, targeting digital nomads and remote workers. Analysts viewed this move positively, with Goldman Sachs maintaining a buy rating and $175 price target. Airbnb's active listings reached 7.5 million properties worldwide.
