Airbnb, the popular sharing platform for travelers, has released its financial results for the fourth quarter of the fiscal year 2023.

The result fell short of analysts' expectations, who had forecasted a profit of 0.654 US dollars per share in advance. Instead, the company only achieved 0.55 US dollars per share, which represents a slight increase compared to the previous year's result of 0.480 US dollars.

The revenue, on the other hand, could be increased from 1.90 billion US dollars to 2.2 billion US dollars in the fourth quarter. Nevertheless, the growth fell short of expectations, which had predicted a revenue of 2.16 billion US dollars.

Airbnb also reported solid annual revenue growth of $9.9 billion, which was slightly below the estimates of $9.86 billion. The total annual profit was also lower than expected at $7.24 per share.

The analysts had forecasted a profit of 8.21 US dollars per share in advance. However, compared to the previous year, in which Airbnb could record a profit of 2.97 US dollars per share, this is still a significant increase.

The Airbnb Stock, Traded on NASDAQ, Reacted Slightly Negatively After-Hours to the Business Figures. It Lost 2.86 Percent of Its Value and Is Currently Trading at 146.50 US Dollars.

Despite the disappointment with the quarterly results, the company remains an attractive investment for many investors.

With the rising trend of digital travel and the constantly growing customer base, Airbnb is well-positioned to be successful in the future.