Airbnb beats earnings expectations for first quarter but offers weaker-than-expected guidance [CNBC]
FactSet Research Systems Inc. (FDS)
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Source: CNBC
Here's how the company did, compared with consensus expectations from LSEG: Revenue increased 18% from $1.82 billion a year earlier. Airbnb reported a net income of $246 million, or 41 cents per share, compared to $117 million, or 18 cents per share, in the same period last year. The company said revenue in its second quarter will come in between $2.68 billion and $2.74 billion. Analysts were expecting $2.74 billion for the period, according to LSEG. In its letter to shareholders, Airbnb said it is already experiencing “robust demand for travel” ahead of the peak summer season, particularly around upcoming events like the Olympics. The company also said it expects that year-over-year revenue growth for its third quarter will accelerate compared to the second quarter, in part because of its summer travel backlog. Other special events like the solar eclipse in North America helped drive engagement with Airbnb's platform during the first quarter. The company said it had 500,000
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