04:00 AM EST, 11/08/2024 (MT Newswires) -- (Updates to include the recent stock price movement in the headline and the first paragraph.)

Airbnb ( ABNB ) shares were down 4.6% in premarket activity Friday after the company overnight reported Q3 earnings below market expectations.

The company reported Q3 earnings late Thursday of $2.13 per diluted share, down from $6.63 a year earlier.

Analysts polled by Capital IQ expected $2.15.

Revenue in the three months ended Sept. 30 rose to $3.73 billion from $3.4 billion a year earlier.

Analysts surveyed by Capital IQ expected $3.72 billion.

The company expects Q4 revenue of $2.39 billion to $2.44 billion. Analysts polled by Capital IQ expect $2.42 billion.

Price: 140.65, Change: -6.72, Percent Change: -4.56