All articles tagged with #q3 outlook
Airbnb reports a strong Q3 outlook driven by encouraging summer travel demand, with revenue and bookings exceeding expectations, but warns that growth may slow later in the year due to tough comparisons. The company also announced a $6 billion share repurchase program and is exploring a new loyalty program to enhance customer engagement.
Coinbase's stock fell nearly 6% after its Q2 earnings and revenue missed expectations due to decreased trading volume, and the company provided a cautious outlook for Q3.
Bitcoin experienced a strong Q2 with a 30% gain and a new all-time high, but underlying market dynamics reveal increased leverage and muted spot volume, raising concerns about potential liquidation events and a fragile rally in Q3 driven mainly by derivatives rather than retail demand.
Shares of Meituan, China's leading food delivery company, dropped over 5% after CEO Wang Xing warned of a slowdown in food delivery volume in the next quarter. Despite posting strong second-quarter results with increased revenue and profit, extreme weather conditions and pent-up demand for offline consumption are expected to impact food delivery transactions. Meituan currently holds almost 70% of the food delivery market share in China. The company remains confident in long-term growth and is deploying autonomous delivery vehicles to improve services and reduce costs.