Airbnb's Revenue Forecast Misses Wall Street Expectations

Published 6 hours agoABNB

Airbnb's Revenue Forecast Misses Wall Street Expectations

Airbnb has announced its revenue forecast for the second quarter, which is slightly below Wall Street projections, attributing the shortfall to diminishing travel demand within the United States. The company expects revenue to fall between $2.99 billion and $3.05 billion, while analysts had anticipated around $3.04 billion. Following this announcement, Airbnb's shares took a 2% hit in after-hours trading, according to Reuters.

In the first quarter, Airbnb reported an 8% increase in global bookings, reaching 143.1 million, with international markets outside of North America seeing an 11% rise. These figures reflect a strong performance amidst growing concerns over fluctuating U.S. trade policy impacting consumer confidence. Despite the positive trend in global bookings, Airbnb noted that average daily rates are expected to remain steady and core profit margins may see a slight decrease in the upcoming quarter.

Looking ahead, Airbnb remains committed to broadening its range of offerings as it seeks to mitigate the impact of changing travel patterns. The company plans to reveal a new business initiative on May 13 as part of its strategy and has earmarked an investment of $200 to $250 million in 2025 to support these diversification efforts.

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