Airbnb Drops, DoorDash Gains, Duolingo Soars on Profit Outlook
On this episode of Stock Movers:
- Airbnb (ABNB) shares drop after the company warned that growth rates may not keep up later this year due to tough year-ago comparisons. Airbnb’s outlook, combined with a lukewarm forecast issued by online travel peer Booking Holdings Inc., underscored how broader economic uncertainty is weighing on travel demand.
- DoorDash (DASH) shares gain after the company reported second-quarter results that beat expectations and gave a positive forecast for Marketplace gross order value. The company attributed its better-than-expected second-quarter results to a growing number of active customers and increased engagement, with "high levels of consumer engagement in the US" evident across many metrics.
- Duolingo (DUOL) shares soar after the the language-learning software company reported second-quarter results that beat expectations on key metrics and raised its full-year forecast. The company cited better-than-expected performance of its subscription tiers over the second quarter.
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