Airbnb reported first-quarter results on Wednesday that beat analysts' estimates on the top and bottom lines.Airbnb said it is already experiencing "robust demand for travel" ahead of the peak summer season.
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. Other special events like the solar eclipse in North America helped drive engagement with Airbnb's platform during the first quarter. The company said it had 500,000 guests stay on Airbnb during the eclipse, according to its investor letter.
Gross booking value, which Airbnb uses to track host earnings, service fees, cleaning fees and taxes, came in at $22.9 billion in the first quarter. The company reported 132.6 million nights and experiences booked, up 9.5% from a year ago, and higher than the 132.1 million expected by analysts, according to StreetAccount.
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