Airbnb shares slide on lower revenue forecast despite a doubling of net income [Yahoo! Finance]
Airbnb, Inc. - Class A (ABNB)
Company Research
Source: Yahoo! Finance
The San Francisco-based vacation rental app said its net income rose to $264 million in the first quarter from $117 million a year earlier, on revenue that rose 18% to $2.14 billion. Earnings per share in the quarter jumped to 41 cents; analysts surveyed by FactSet expected 23 cents. Earnings growth was partly driven by a shift in the Easter holiday, which fell during the second quarter in 2023 versus the first quarter this year. Airbnb projected revenue in the second quarter between $2.68 billion and $2.74 billion. That fell short of Wall Street expectations, partly because of unfavorable exchange rates and partly because of the shift in the Easter holiday.
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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