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Airbnb reports strong Q3 results and approves $12 billion share repurchase

The Motley Fool +1 · ·by G4L

O Realty Income Corp
$59.54 +0.07%
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  1. 1Airbnb's third-quarter earnings per share reached $3.16.
  2. 2Airbnb's board of directors approved a new $12 billion share repurchase program.
  3. 3Airbnb achieved a 19% year-over-year revenue growth rate in the third quarter.

So what's the key point?

Airbnb's revenue grew by 19% in the third quarter, showing strong earnings. The company decided to buy back $12 billion worth of its own shares, which is positive news for investors.

Source The Motley Fool +1 · View original ↗

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