Airbnb stock jumps on Q4 earnings beat

Yahoo Finance Live breaks down Airbnb's latest earnings report.

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- We've got some breaking news from Seana.

- Yeah, let's take a look at Airbnb, getting earnings here from this company, shares moving to the upside after hours. Look at that, a move of nearly 9% in extended trading. A lot of that has to do with the Q1 revenue guidance, that coming in better than expected. Airbnb sees Q1 sales for the current quarter here $1.75 billion to $1.8 billion. Estimate on the Street was for $1.68 billion, so strong guide there for Q1 sales.

In terms of what we saw for its latest quarter, revenue coming in slightly better than expected, $1.9 billion. Estimate was for $1.86 billion. Gross booking value coming in at $13.5 billion. Estimate there was for $13.58 billion. Nights and experiences booked coming in a bit light, $88.2 million. Estimate on the Street was for $90.1 million.

The company saying that it ended the year with 6.6 million global active listings, also some commentary here in this earnings release on future hiring plans, Airbnb saying that it expects to continue hiring at a, quote, "judicious pace" in the current year, in 2023, but again, that guidance here, the Q1 guidance for revenue, a big reason why we're seeing the stock move higher, up just about 9%