On Wednesday, Airbnb released its first-quarter financial results, surpassing analysts’ estimates but providing weaker-than-expected guidance. Following the news, the company’s shares dropped by more than 6% in after-hours trading.
In comparison to consensus expectations from LSEG, here is how Airbnb performed:
– Earnings per share: 41 cents (compared to the expected 24 cents)
– Revenue: $2.14 billion (compared to the anticipated $2.06 billion)
Notably, the company experienced an 18% increase in revenue from $1.82 billion in the previous year. Airbnb reported a net income of $264 million, or 41 cents per share, surpassing the $117 million, or 18 cents per share, recorded in the corresponding period last year.
Looking ahead to the second quarter, Airbnb projected revenue to fall within the range of $2.68 billion to $2.74 billion. This forecast falls slightly short of analysts’ expectations of $2.74 billion for the same period, as reported by LSEG.
Source (CNBC)
