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 (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.

Amazon reports earnings after Thursday’s closing bell. AWS will be a focal point after rivals came up shy in their own cloud businesses.

Amazon is slated to report its fourth-quarter results after the market closes Thursday, with analysts overwhelmingly bullish on the tech titan's stock.

Brian Chesky, the CEO of Airbnb, says he wants the company to become a travel Amazon — a one-stop shop for everything related to traveling and living. In a Thursday earnings call, Airbnb's chiefs said the company plans to invest $200 million to $250 million in launching new businesses and offerings on the Airbnb app.

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.

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.