Airbnb ($ABNB) – Q2 FY12/2024 earnings review
ABNB posted a decent Q2 FY12/2024; however, the TTM revenue growth declined to 16%. Management provided weak guidance for Q3 FY12/2024, attributed to slowing demand from US guests. The stock fell a solid 14% post-earnings and found support at, wait for it, the c-wave = 1.618 * a-wave level.