Airbnb beats earnings expectations for first quarter but offers weaker-than-expected guidance
Publishing timestamp: 2024-05-08 17:38:21
Summary
Airbnb reported first-quarter results that beat analysts' estimates, with revenue increasing 18% to $2.14 billion. However, the company offered weaker-than-expected guidance, causing shares to fall more than 6% in extended trading. Despite this, Airbnb is already experiencing robust demand for travel ahead of the peak summer season.
Sentiment: MIXED
Tickers: ABNB,
Keywords: social media, technology, internet, airbnb inc, enterprise, breaking news: technology, business news, earnings,