Airbnb's Q1 earnings exceeded expectations, but stock fell 7% due to a lower-than-expected Q2 revenue forecast.
Airbnb's Q1 earnings exceeded expectations, with net income doubling to $264M and revenue rising by 18% to $2.14B. Despite this strong performance, the company's stock fell 7% due to a disappointing revenue forecast for Q2, which is expected to be between $2.68B and $2.74B, falling short of Wall Street's expectations. The shortfall is attributed to unfavorable exchange rates and the earlier occurrence of Easter.
May 08, 2024
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