Airbnb Jumps 11% After the Bell While DraftKings Falls 24% and Atlassian Slides 16%

After a session in which the Nasdaq lost 5.5 percent, the companies reporting after the bell on Thursday found a market in no mood to forgive. Airbnb, which had the best news of the evening, was still rewarded: the stock rose about 11 percent in extended trading after third-quarter results that topped forecasts, CNBC reported. Others were not so lucky.

The pattern was the one investors have seen all year: beat on the quarter, and the guidance decides everything.

How did Airbnb's third-quarter results compare with forecasts?

Airbnb earned $3.16 a share against a consensus of $2.85, on revenue of $4.87 billion, up 19 percent, against the $4.75 billion analysts had pencilled in, per CNBC's figures from LSEG. The more important number was the outlook. Yahoo Finance's earnings coverage reported fourth-quarter revenue guidance of $3.22 billion to $3.28 billion, above the Street's midpoint of $3.16 billion, with full-year revenue growth in the high teens and an adjusted EBITDA margin of about 36 percent. Chief executive Brian Chesky said Airbnb is "back in growth mode."

Why did DraftKings fall about 24 percent?

DraftKings reported a third-quarter loss of 94 cents a share, against the 39-cent loss analysts polled by LSEG had expected. Revenue of $1.33 billion missed the $1.40 billion forecast, and sportsbook revenue of $784 million fell short of a consensus near $811.8 million, according to CNBC. A closing review on the Capp Notes newsletter described the company as cutting its full-year revenue guidance, and put the after-hours fall at about 18 percent, against CNBC's 24 percent, a gap that shows how fast the quotes were moving.

What happened to Atlassian and Cloudflare?

Atlassian beat on every headline line, with revenue of $1.77 billion, up 24 percent, adjusted earnings of $1.65 a share against $1.43 expected, and an adjusted operating margin of 32 percent, Yahoo reported. It still fell about 16 percent, because it guided subscription annual recurring revenue growth of roughly 18.5 percent for fiscal 2027, down from 23 percent in the first quarter. In a market already nervous about software and AI, a slowing growth rate was read as a verdict.