Airbnb shares surged 14% and headed for their best day ever after the company reported stronger-than-expected fourth-quarter earnings.

Airbnb (ABNB) jumped more than 14% in early trading 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.

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.

Joe Gebbia, the Airbnb co-founder, is a board member at Tesla who lives in Austin, where Mr. Musk, Tesla’s chief executive, keeps a large compound. He is planning to start shortly in the federal government as part of Mr. Musk’s team, which has been called the Department of Government Efficiency, according to the person with knowledge of the matter.

Airbnb co-founder Joe Gebbia is joining the Department of Government Efficiency along with Elon Musk, the New York Times said on Thursday, citing a person with knowledge of the matter.

Billionaire Joe Gebbia is set to join Trump-led administration in a bid to assist his close friend Elon Musk in cutting expenses of the government.