KEY TAKEAWAYS Shares in Airbnb, which posted higher-than-estimated earnings Thursday, are surging in morning trading Friday, as the company invoked Amazon’s do-everything retail approach with plans to move well beyond just being a vacation rental app.

Airbnb (ABNB) jumped more than 14% on Friday to about $161 per share after profit and revenue for the final three months of 2024 beat expectations. The company said it has seen “continued strong demand” in the current quarter.

Airbnb stock surged after fourth-quarter earnings beat expectations. It has largely missed out on the travel boom but that may be about to change as the short-term rental company positions its app to become the Amazon.

Airbnb Inc. on Thursday forecast first-quarter sales that came up a bit shy of Wall Street’s expectations, but the vacation-rental platform said it expects to continue to build on strides it made last year,

Airbnb CEO Brian Chesky said people use the app once or twice a year. He wants to raise that to once or twice a week.

Airbnb shares surged 14% and headed for their best day ever after the company reported stronger-than-expected fourth-quarter earnings.