Airbnb's shares rose approximately 7% after reporting earnings of $1.37 per share on revenues of $3.61 billion, surpassing analyst forecasts of $1.25 per share and $3.58 billion in revenue. Lyft's stock saw a slight increase as it reported revenues of $1.84 billion, beating the $1.81 billion estimate, although its earnings of 13 cents per share missed the expected 14 cents.
DraftKings experienced a decline of over 1.5% after reporting second quarter revenues of $1.44 billion, which fell short of the $1.51 billion expected, and a loss of 14 cents per share against an anticipated profit of 2 cents.
Twilio's shares surged about 16% due to strong projections for the current quarter, expecting adjusted earnings of $1.42 to $1.47 per share and revenue of $1.51 billion to $1.52 billion, both exceeding analyst estimates. Trade Desk's shares plummeted 22% after reporting adjusted earnings of 34 cents, missing the 40 cents consensus, and revenue of $715 million, below the expected $751 million.
Sweetgreen's stock dropped 14% after posting a loss of 22 cents per share on revenues of $193 million, which also missed expectations. Akamai Technologies saw a 12% increase in shares after beating earnings and revenue estimates with earnings of $1.59 per share and revenue of $1.10 billion.
Instacart's shares rose over 8% after reporting revenues of $1.04 billion, slightly above the $1.03 billion estimate, despite earnings of 45 cents per share falling short of the 54 cents expected. Cloudflare's stock jumped 17% following solid guidance and second quarter results that exceeded estimates.
Conversely, Dropbox's shares fell nearly 6% after its gross margin narrowly missed expectations, although its adjusted profit slightly beat estimates