Four market-moving prints landed in the window — Airbnb and Cloudflare after Thursday's close, Moderna and Vistra before Friday's open — and every one of them beat. Here is the scoreboard:
| Name | EPS actual vs expected | Revenue actual vs expected | Reaction |
|---|---|---|---|
| Airbnb (ABNB) | $3.16 vs $2.85 | $4.87B vs $4.75B | +12% Friday |
| Cloudflare (NET) | $0.38 vs $0.34 | $782.5M vs $736.8M | +12% Friday |
| Moderna (MRNA) | $0.38 vs a $1.25 loss | $1.31B vs $885.1M | +7% Friday, swung +3% to +10% |
| Vistra (VST) | $3.25 vs $2.98 | $6.35B vs $6.03B | +10% Friday |
Airbnb (ABNB) — the biggest mover, and the cleanest story
Airbnb's third quarter was its fastest revenue growth in more than three years: revenue rose 19% to $4.87 billion vs $4.75 billion expected, and EPS came in at $3.16 vs $2.85 expected, up 43% year over year. The demand lines underneath were stronger than the headline: gross booking value rose 21% to $27.7 billion, and nights and seats booked rose 16% to 155 million — both ahead of estimates. Net income rose 38% to $1.89 billion, adjusted EBITDA was $2.51 billion at a 52% margin, and the board authorized up to $12 billion in new buybacks.
The guide kept the bid under the stock. Fourth-quarter revenue is guided to $3.22–$3.28 billion vs about $3.16 billion expected, and management raised the full-year outlook to high-teens revenue growth. Shares had closed down 3.5% at $170.13 before the print; on Friday they jumped about 12% to near $191. A beat on bookings, a raise on the year, and a buyback is the combination this stock has been waiting for. Official earnings page
Airbnb daily closes, last ~90 days — up 25.6% over the window; the spike at the right edge is Friday's reaction to the print. Data: Yahoo Finance, checked November 6, 2026.
Cloudflare (NET) — growth accelerated, and the guide smashed the bar
Cloudflare posted its fastest growth in nearly four years: revenue rose 39% to $782.5 million vs $736.8 million expected, and non-GAAP EPS was $0.38 vs $0.34 expected. Annualized revenue crossed $3 billion, dollar-based net retention ticked up to 122%, the count of customers paying over $100,000 a year passed 5,000 (up 25%), and non-GAAP operating margin hit a record 17.5%. On GAAP numbers the company still lost $34.1 million, and gross margin was 72.4% — the one soft line — but free cash flow was $82.1 million.
Then guidance did the heavy lifting: fourth-quarter revenue of $845–$846 million vs about $798 million expected, and full-year 2026 revenue raised to $2.963–$2.964 billion with non-GAAP EPS of $1.35. The stock had fallen 8.3% on Thursday in the pre-print tech selloff; on Friday it was up about 12% to near $273. At this valuation the growth rate is the whole argument — and the growth rate just went up. Official earnings page
Cloudflare daily closes, last ~90 days — down 4.1% over the window; the V at the right edge is Thursday's selloff and Friday's post-print jump. Data: Yahoo Finance, checked November 6, 2026.
Moderna (MRNA) — a profit nobody had in the model
Moderna was supposed to lose money. Instead EPS was $0.38 vs a $1.25 loss expected (LSEG), and revenue was $1.31 billion vs $885.1 million expected — a 48% revenue beat, up 29% year over year on stronger international COVID vaccine sales ($533 million international vs $780 million U.S.). Net income was $162 million against a $200 million loss a year ago, helped by R&D spending falling 27% to $583 million. Management raised full-year 2026 revenue growth guidance to 15–25%, from up to 10%, and lifted the expected year-end cash balance to $8.1–$8.3 billion. The stock swung all morning — up 9.6% premarket, +10.5% early, about +7% by midday — volatile, but unmistakably a beat. Official earnings release
Vistra (VST) — record power earnings, guide raised
Vistra's EPS was $3.25 vs $2.98 expected and revenue was $6.35 billion vs $6.03 billion expected, up 28% year over year. Net income rose 75% to $1.14 billion and ongoing operations adjusted EBITDA rose more than 50% to a record $2.378 billion — with the honest caveat that net income includes a $559 million unrealized hedge gain that has not settled in cash yet. The company narrowed and raised its 2026 adjusted EBITDA guidance to $7.1–$7.5 billion and initiated 2027 guidance at $7.7–$8.5 billion. Shares were up about 10% on Friday. Official earnings release
On deck
No market-moving name reports after Friday's close, and Saturday has no session — so the deck rolls to Monday before the open.
Constellation Energy (CEG) — Monday, November 9, before the open
Consensus: EPS $3.90, revenue $9.23B (estimates, MarketBeat) — up about 28% and 40% year over year, the first third quarter with the Calpine fleet fully in the numbers. The print will be judged on PJM capacity revenue and nuclear fleet performance, on any new hyperscaler power-deal commentary, and on whether the full-year adjusted operating EPS guide of $11.50–$12.50 — already raised once this year — moves again. It is the direct read-across from Vistra's record quarter: if power demand is the story, Constellation is where it gets confirmed. Official earnings page
Constellation Energy daily closes, last ~90 days — down 4.0% over the window ahead of Monday's print; the last bar is Friday's partial session. Data: Yahoo Finance, checked November 6, 2026.
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Sources: company earnings releases and investor-relations pages linked above (Airbnb Q3 2026 shareholder letter via SEC 8-K; Cloudflare via Business Wire; Moderna company release; Vistra via PR Newswire); consensus estimates per FactSet via Reuters (Airbnb), LSEG via CNBC (Moderna), and MarketBeat (Cloudflare, Vistra, Constellation Energy); stock reactions per Yahoo Finance market data and CNBC/Reuters reporting, November 5–6, 2026. Consensus figures are estimates. Checked November 6, 2026. Not financial advice.
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