Airbnb, AMD, Electronic Arts, and more

Airbnb (ABNB): Shares fell in extended trading after the company warned of slower growth in the fourth quarter. Airbnb expects growth in nights and experiences bookings to slow slightly from the third quarter on a year-over-year basis, in part due to pressure from currency headwinds. For the third quarter, Airbnb posted its most profitable quarter and record revenue, while active listings increased 15% from a year ago. Booked nights and experiences increased 25% from a year ago to 99.7 million.

Advanced micro-systems (AMD): Shares rose in extended trading after the chipmaker reported “better than expected” results, CFRA’s Angelo Zino told Yahoo Finance. Revenue for the quarter was 5.6 billion while adjusted earnings were 67 cents per share. The fourth-quarter revenue forecast of $5.2 billion to $5.8 billion missed Wall Street expectations.

Mondelez (MDLZ): The company raised its sales and earnings forecasts and reported better-than-expected third-quarter results, pushing shares higher after hours. Sales were $7.76 billion, up 8.1% from a year ago. CEO Dirk Van de Put wrote in the press release: “Our third quarter performance demonstrates the resilience of our snacking categories, the strength of our brands, the broad net revenue growth of our emerging and developed markets, the effective pricing execution and solid volume growth, enabling us to raise our full-year revenue and earnings outlook.

Electronic Arts (EA): The company cut its net bookings funding for the full year to $7.65 billion to $7.85 billion, down from its original guidance of $7.9 billion to $8.1 billion. of dollars. For the second fiscal quarter, EA’s net bookings were down 5.2% from a year ago to $1.75 billion, while full game revenue was down 2.4% year-on-year to $602 million.

Match (MTCH): Shares rose after the company’s fourth-quarter revenue beat estimates. Sales for the quarter were $809.5 million, up 1% from a year ago. Match also outlined plans to control costs, noting in the shareholder letter “Because we expect a challenging operating environment for the foreseeable future, we plan to accelerate our efforts to control costs, particularly related expenses. to headcount and marketing expenses, in other areas of the business.”

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