Airbnb forecasts weaker second-quarter revenue despite robust demand for international travel [Globe and Mail, The (Toronto, Canada)]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Globe and Mail, The
revenue below Wall Street expectations, sending shares of the company down 7% after the bell. Accommodation companies in the first quarter have seen the demand for travel in regions outside of North America boost earnings as travel accelerates in Asia-Pacific and Latin America. Airbnb's first-quarter revenue rose 18% year-over-year to $2.14 billion. However, the company forecast second-quarter revenue between $2.68 billion and $2.74 billion, below analysts' estimates of $2.74 billion, due in part to currency exchange rates and the timing of Easter. The holiday was beneficial to the first quarter, but may weigh on earnings in the second quarter, the company said. Nights and experiences booked in the first quarter increased 9.5% year-over-year to about $133 million driven by a 21% and 19% growth in bookings in Asia-Pacific and Latin America, respectively. The company said bookings in North America “slightly decelerated” during the quarter. The San Francisco-based company repor
Show less
Read more
Impact Snapshot
Event Time:
ABNB
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
ABNB alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
ABNB alerts
High impacting Airbnb, Inc. - Class A news events
Weekly update
A roundup of the hottest topics
ABNB
News
- The Most Important Marketing Metric Is Driving Business Growth [Forbes]Forbes
- Have $500? 2 Unstoppable Growth Stocks to Buy Without Hesitation in the New Bull Market [Yahoo! Finance]Yahoo! Finance
- California woman explains neighborhood revolt against disruptive Airbnb renters: We're not a hotel [FOX News]FOX News
- Airbnb to Participate in the Bernstein 40th Annual Strategic Decisions Conference 2024 [Yahoo! Finance Canada]Yahoo! Finance Canada
- Airbnb to Participate in the Bernstein 40th Annual Strategic Decisions Conference 2024PR Newswire
ABNB
Earnings
- 5/8/24 - Beat
ABNB
Sec Filings
- 5/16/24 - Form 4
- 5/14/24 - Form 144
- 5/9/24 - Form 4
- ABNB's page on the SEC website