Airbnb's (ABNB.US) North American business lags behind! Q3 guidance exceeds expectations but stock price plunges after-hours.

Zhitong Finance and Economics App learned that Airbnb (ABNB.US) has released a better-than-expected outlook for its third quarter performance. Summer travel demand has been strong, but the company warned that the growth rate may be difficult to maintain later in the year due to a high base from the same period last year. The financial report shows that the company's bookings and total number of nights stayed in the second quarter increased by 7.4% to reach 134.4 million. Revenue was $3.1 billion, higher than the expected $30.3 billion. Net profit was $642 million, exceeding analysts' expectations of $599.3 million.