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Airbnb warned revenues in the final three months of the year could come in below analysts’ expectations, taking the shine off record quarterly results and sending its shares lower in after-hours trading.

The accommodation company on Tuesday forecast revenues between $1.8bn and $1.88bn in its current quarter. Even though the low end of that range would represent an increase from last year, it would be less than analysts’ consensus estimate of $1.85bn, according to a Refinitiv poll.

Although Airbnb said it has seen “promising trends” in the first month of the fourth quarter, it warned a strong US dollar will cut into rental income.

“[Average daily rates] will face some pressure from FX headwinds and business mix,” management said.

Shares of the company were down more than 7 per cent in extended trading on Tuesday, despite coming it announcing a record profit and a revenues beat in the third quarter.

Airbnb reported record revenue of $2.9bn, beating consensus estimates by $600mn. Its net income of $1.2bn — also a record — was almost $200mn more than analysts expected and was 46 per cent higher than the same period a year earlier.

“Airbnb continues to drive growth and profitability at scale,” the company said in its earnings release. “Regardless of continued macro uncertainties, we believe we’re well positioned for the road ahead,” it continued, citing strength in guest demand and in the number of new hosts on its platform.

The company acknowledged that a challenging US economy could yield strong future results for the home sharing company, as homeowners seek to extract income in the face of higher consumer prices and a job market that is beginning to show softness.

“Just like during the Great Recession in 2008 when Airbnb started, people are especially interested in earning extra income through hosting.”