Getty Images stock plunged more than 5% in afterhours trade Tuesday as the visual content business downwardly revised its full-year guidance and reported third-quarter earnings that missed estimates.
For 2023, Getty now expects revenue in the range of $900 million to $910 million, down from its prior guidance range of $920 million to $925 million. This is also below analysts’ forecasts of $986.3 million.
Sonder Holdings shares moved lower as the company reported revenue and earnings for the third quarter that missed Wall Street estimates.
Sonder shares were down 2% at $8.50 following the release of its earnings report. The alternative accommodation platform reported a 29% year-over-year increase in revenue to $160.9 million, short of estimates of $164.1 million.
Electric vehicle (EV) startup Canoo Inc (NASDAQ:GOEV) shares fell 2.3% in extended trading Tuesday after it posted weaker-than-expected revenue at the beginning of what CEO Tony Aquila called the company’s “revenue generation phase.”
The company posted an adjusted net loss of $0.07 per share on revenue of $519,000, compared to expectations of a $0.12 per share loss on revenue of $610,000.
Airbnb Inc (NASDAQ:ABNB) has acquired the artificial intelligence (AI) startup Gameplanner.AI in a deal worth nearly $200 million, according to reports.
The company has been operating in what’s known as stealth mode since it was founded in 2020, which startups sometimes do to protect their intellectual property.
For Airbnb, the Gameplanner.AI deal represents an opportunity to accelerate the company’s AI ambitions.