WEBVTT - DHF Buys BZH; Airbnb Boosts Forecast; Instacart Climbs

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 4>I'm Nathan Hager, joined by Bloomberg's Louise Moon with a

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<v Speaker 4>lot of.

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<v Speaker 3>Stocks reporting earnings.

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<v Speaker 4>But before we get to some of those, we've got

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<v Speaker 4>a little bit of deal news on this jobs Friday.

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<v Speaker 4>Dream Finders and Bees are Homes getting into tie up.

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<v Speaker 1>Good morning, Louise, Good morning, Yes nice, have a bit

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<v Speaker 1>of an m and a story to break up all

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<v Speaker 1>the earning stories. As the dream Finders, they're agreed to

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<v Speaker 1>buy their rival Beza Homes. So that's for about nine

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<v Speaker 1>hundred and sixteen million US dollars. So that's the value

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<v Speaker 1>of thirty three point five dollars per share in cash,

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<v Speaker 1>So that values Bees are about two point two billion

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<v Speaker 1>US dollars including debt, expected to close by the end

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<v Speaker 1>of the year, and for dream Finders, expected to benefit

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<v Speaker 1>them in their first year. Really, so good news potentially

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<v Speaker 1>for them. They also rear found that outlook in their

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<v Speaker 1>own earnings this morning as well, so we'll be watching

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<v Speaker 1>their shares at open.

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<v Speaker 3>Okay, so let's get to the earnings.

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<v Speaker 4>Then we heard from Airbnb after the close and looks

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<v Speaker 4>like a pretty positive result here.

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<v Speaker 3>Yes, they've raised.

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<v Speaker 1>Their annual revenue forecast. That's for the second time this year,

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<v Speaker 1>and they also lifted their forecast for margins. So it

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<v Speaker 1>shares up about eleven percent in post market yesterday, adding

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<v Speaker 1>to gains that we've been seeing through the years. They're

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<v Speaker 1>up about twelve percent already through the year. And essentially

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<v Speaker 1>what's pointing to is this kind of signal of strong

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<v Speaker 1>demand for travel, this resilience there that we've been also

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<v Speaker 1>seeing in other earnings that have come through to Expedia

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<v Speaker 1>and Booking Holidays pointing too similar as well. So for Airbnb,

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<v Speaker 1>their overall nights booked rose ten percent. The US was

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<v Speaker 1>showed their highest growth in nearly three years, and then

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<v Speaker 1>other markets like France, the UK, Australia also growing at

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<v Speaker 1>the faster pace. That at a faster pace sorry, and

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<v Speaker 1>then they're expecting that to kind of continue through into

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<v Speaker 1>the third quarter. So Airbinb's been reshaping itself really so

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<v Speaker 1>it's becoming more of an all in one platform, so

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<v Speaker 1>they now offer things like hotels, towards local activities, and

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<v Speaker 1>Bloomberg Intelligence are saying that this is these results today

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<v Speaker 1>are showing that that is starting to pay off. There's

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<v Speaker 1>some initial success story there. SOM shares up about eight

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<v Speaker 1>percent or so pre market trading on the back and.

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<v Speaker 3>It looks like a pretty positive result as well for

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<v Speaker 3>a cloud Flare. After their results.

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<v Speaker 1>Yes, the cybersecurity firm lifted their annual forecast above estimates.

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<v Speaker 1>They say that their second quarter was stella, in the

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<v Speaker 1>words of their CEO, beating estimates, showing that their efforts

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<v Speaker 1>to cut their workforce shifting towards a strategy of AI

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<v Speaker 1>first model hasn't harmed their growth. It also comes as

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<v Speaker 1>investors are showing more interest in these larger cybersecurity firms,

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<v Speaker 1>so that expectation that AI will expand demand for digital

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<v Speaker 1>defense for cybersecurity. So shares up seventeen percent in pre market, okay.

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<v Speaker 3>And just time to tell us about one stock that's

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<v Speaker 3>falling after earnings, Trade Desk.

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<v Speaker 1>Yes, so this one that we are looking at. So

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<v Speaker 1>that is yeah for Trade Desk, as you say, shares

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<v Speaker 1>down twenty eight percent in pre market, so big falls

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<v Speaker 1>for them. That's off their second quarter earnings below expectations,

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<v Speaker 1>and then also four casts for their third quarter revenue

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<v Speaker 1>also missed estimates by about twenty percent, So big missed there.

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<v Speaker 1>And then on the back of that, we've got at

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<v Speaker 1>least four brokerages that have downgraded the stock as a

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<v Speaker 1>result of that. So Bloomberg Intelligence saying that this suggests

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<v Speaker 1>that their turnaround is losing credibility. Really so, there's big

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<v Speaker 1>competitive issues that are under pressure from this AI driven

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<v Speaker 1>model of media buying via AI, and yeah, strong composition

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<v Speaker 1>there as well. So shares down about twenty eight percent.

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<v Speaker 2>The Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the late roundup of companies

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