Airbnb beats estimates with 70% revenue growth as travel rebounds [MSNBC.com]
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Source: MSNBC.com
Airbnbrebound in travelThe shares rose more than 3% in after-hours trading.Here are the key numbers:Growth is expected to stay strong in the current quarter. Airbnb said revenue will be between $2.03 billion and $2.13 billion, topping analysts' average estimate of $1.96 billion. The low end of the range would represent growth of 52%.However, the company said that risks to bookings include "additional Covid outbreaks, any impact to travel from the conflict in Ukraine, and consumer price sensitivity."For the first quarter, Airbnb reported 102.1 million nights and experiences booked, surpassing pre-pandemic levels. Analysts expected the number to come in at 100.87 million, according to StreetAccount.Travelers are also becoming increasingly confident in booking trips further in advance. At the end of April, the company had 30% more nights booked for the summer travel season than at the same time in 2019.Gross booking value, which Airbnb uses to track host earnings, service fees, cleaning
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- 3/21/24 - Beat
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