Airbnb's Q1 results meet estimates but forecast weak revenue, causing shares to drop 5%.

From CNBC: 2025-05-01 17:27:00

Airbnb reported first-quarter results in line with estimates but issued a disappointing revenue forecast for the current period, causing shares to drop over 5%. Revenue increased 6% to $2.27 billion, with net income falling to $154 million. The company expects second-quarter revenue between $2.99 billion and $3.05 billion. Despite strong year-over-year growth in North America, softness was reported in travel from Canada to the U.S. Gross booking value increased 7% to $24.5 billion, with nights and experiences booked rising 8%. Excluding North America, nights and experiences grew 11%. Airbnb teased new platform updates beyond accommodations coming later this month.



Read more at CNBC:: Airbnb (ABNB) Q1 earnings report 2025