The vacation rental service Airbnb released its quarterly figures for the second quarter of 2024 after the closing bell on the US stock exchanges. The results disappointed analysts' expectations and led to a significant drop in the stock price.

Airbnb reported earnings per share (EPS) of $0.86 in the second quarter. Analysts had anticipated an EPS of $0.91. In the same period of the previous year, earnings were $1.02 per share.

The revenue, on the other hand, slightly increased to $2.75 billion. This slightly exceeded experts' forecasts of $2.74 billion and showed growth compared to the same quarter last year, when revenue was $2.484 billion.

Despite the increase in revenue, the Airbnb stock reacted negatively to the quarterly report. In NASDAQ trading, the stock temporarily fell by 14.34 percent to 111.76 US dollars.

Airbnb CEO Brian Chesky commented on the results: "Although we have seen solid revenue growth, we need to continue working on our profitability and meeting investor expectations. Our focus is on optimizing our platform and improving the customer experience.

The quarterly figures reflect the challenges Airbnb is facing in a changing market environment. The company must adapt to rising costs and increasing competition while simultaneously striving to solidify its market position and remain profitable in the long term.