Airbnb beats earnings expectations for first quarter but offers weaker-than-expected guidance [MSNBC.com]
FactSet Research Systems Inc. (FDS)
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Source: MSNBC.com
In this articleIn this photo illustration, the Airbnb logo is displayed on a computer monitor and cell phone on February 13, 2024 in Los Angeles, California.Mario Tama | Getty Imagesfirst-quarter resultsHere's how the company did, compared with consensus expectations from LSEG: per share:Revenue increased 18% from $1.82 billion a year earlier. Airbnb reported a net income of $264 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 in Paris. The company also said it expects that year-over-year revenue growth for its third quarter will accelerate compared to the second quarter, i
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FDS
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- 3/21/24 - Beat
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Sec Filings
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- 5/15/24 - Form 144
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- FDS's page on the SEC website