From Barchart: 2025-05-02 05:19:00

Airbnb (NASDAQ:ABNB) beat Q1 earnings expectations but shares dropped over 4% in pre-market as Q2 revenue guidance fell short of Wall Street estimates. Q1 adjusted earnings were $0.24 per share, slightly above forecasts, with revenue growing 6% to $2.27 billion. Q2 revenue is projected between $2.99 billion and $3.05 billion, below analyst expectations.

Despite lower Q2 guidance, Airbnb reaffirmed full-year adjusted EBITDA margin target of at least 34.5%. Q1 saw gross booking value rise 7% to $24.5 billion, with total nights and experiences booked up 8% to 143.1 million. CEO Brian Chesky highlighted the company’s focus on long-term strategy and expanding beyond accommodations.

Chesky mentioned Airbnb’s plans to enter its “next chapter” by offering more than just a place to stay. The company aims to build out offerings beyond accommodations, focusing on long-term growth and expansion. With a strong Q1 performance and strategic vision, Airbnb looks to continue its growth trajectory in the market.



Read more at Barchart:: Airbnb Beats on Q1 Earnings, But Soft Outlook Send…