Airbnb's shares plummeted over 8% premarket after the company provided a gloomy forecast for the second quarter, raising concerns about slowing growth. Despite beating earnings expectations for the first quarter, Airbnb's guidance for the upcoming quarter fell below analysts' expectations, projecting revenue between $2.68 billion to $2.74 billion. The company attributed its strong first-quarter earnings to events like Leap Day, the April 8 solar eclipse, and the Easter holiday in March.
Updated view of $ABNB earnings and sales via @marketsurge @IBDinvestors #IBDPartner https://t.co/eqAHFpHX2f https://t.co/c96DsDbPvx
Airbnb $ABNB earnings preview: 'Should be at least a 4 star quarter' https://t.co/FVQYktInrp https://t.co/e5GLvlLx8e
🇺🇸 Airbnb posts biggest decline in a year on weak travel outlook https://t.co/P73WNmSRW1
Airbnb $ABNB 1Q24 Earnings - Rev $2.1b +18% ↗️🟢 - GP $1.7b +20% ↗️🟢 margin 78% +113 bps ✅ - Adj EBITDA $424m +62% ↗️🟢 margin 20% +538 bps - EBIT $101m ⤴️ margin 5% +499 bps ✅ - Net Inc $264m +126% ⤴️ margin 12% +589 bps ✅ - OCF $1.9b +21% ↗️🟢 margin 90% +248 bps ✅ - FCF… https://t.co/Djm1SlKMA3
Shares of Airbnb $ABNB tumbled approximately 6% on the back of the company reporting a slowdown in growth in its Nights and Experienced Booked business: https://t.co/G7aMvYJPRn How Airbnb $ABNB (-6.57%) Makes Its Money: https://t.co/Zd37ibi44K #investing #stocks… https://t.co/FSivBsFReI
Airbnb said revenue for the current quarter ending in June will be $2.68 billion to $2.74 billion. Analysts had been expecting $2.74 billion. Alexandra Semenova reports https://t.co/kSWb9ppqUf https://t.co/7tbOlD8YyA
.@Airbnb projects revenue of $2.68 billion to $2.74 billion for the second quarter, following a record-setting start to the year. Its first-quarter earnings benefited from Leap Day, the April 8 solar eclipse and the Easter holiday falling in March. https://t.co/3OEXjTLA7u
Airbnb beats earnings expectations for first quarter but offers weaker-than-expected guidance https://t.co/EhefqByrnM
Airbnb slumps as gloomy forecast fans slowdown fears https://t.co/p9aDsCdD5g https://t.co/bbkwNOuHKO
⚠️ AIRBNB SLUMPS AS GLOOMY FORECAST FANS SLOWDOWN FEARS Full Story → https://t.co/wYNcOiA7Gs Airbnb shares tumbled more than 8% premarket on Thursday after weak forecasts for the second quarter stoked investor fears about slowing growth at the vacation rental firm and took… https://t.co/zyaX7vmE6y
Here's what 5 analysts think about Airbnb's earnings report https://t.co/ZNzuW5nrvl https://t.co/rInByu0LgF