Airbnb beats estimates with 70% revenue growth as travel rebounds [CNBC]
FactSet Research Systems Inc. (FDS)
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Source: CNBC
The company beat Wall Street estimates and gave strong guidance for the second quarter. Airbnb reported 102.1 million nights and experiences booked in the first quarter, surpassing pre-pandemic levels and beating expectations. In this article Airbnb reported better-than-expected results on Tuesday and gave an upbeat forecast for the second quarter, as the company sees a rebound in travel coming out of the pandemic. Here are the key numbers: Loss per share: 3 cents vs 29 cents expected by analysts, according to Refinitiv. Revenue: $1.51 billion vs $1.45 billion expected, according to Refinitiv. Revenue in the first quarter surged 70% from a year earlier, despite pandemic concerns, “macroeconomic headwinds” and the war in Ukraine, the company said. Airbnb's net loss narrowed to $19 million from $1.2 billion the same quarter a year ago. Growth is expected to stay strong in the current quarter. Airbnb said revenue will be between $2.03 billion and $2.13 billion, topping a
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