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Airbnb soars as earnings beat consensus!

Airbnb recorded its first annual profit!

Shares of Airbnb are surging after the company in holiday rentals reported quarterly earnings, revenues

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Bloomberg Chart on Airbnb

The overall outlook impressed traders with the stock up more than 14% at one point results which topped expectations, as well as its first annual profit.

Airbnb shares recently stood 7.7% higher at $130.21 in Wednesday’s premarket trading, echoing an after-hours rally Tuesday. The stock hasn’t closed above $130 since last May.

Here’s what Airbnb reported for the fourth quarter, versus what analysts on average expected, according to FactSet.

Earnings of 48 cents per share, versus the 26 cents per share Wall Street expected.

Revenue of $1.9 billion, versus the $1.86 billion analysts expected.