Overview
- Airbnb, which reported results Thursday, posted first‑quarter revenue of $2.68 billion, an 18% yearly gain that topped the $2.62 billion estimate.
- Earnings came in at $0.26 per share versus forecasts near $0.29 to $0.31, and the stock slipped about 1% in after‑hours and premarket trading.
- The company guided second‑quarter revenue to $3.54 billion to $3.60 billion and lifted its full‑year revenue growth outlook to the low‑ to mid‑teens.
- Management said the war in the Middle East led to slightly higher cancellations in Europe, the Middle East, Africa and Asia Pacific, and it expects about a 1‑percentage‑point drag on second‑quarter bookings.
- Airbnb is broadening its Reserve Now, Pay Later option and expanding AI use in engineering and customer support, which it says has lowered cost per booking by about 10%.