Airbnb Shares Fall as Company Issues Mixed Outlook

reported higher revenue and profit in the first quarter, but customers reserved fewer-than-expected stays and the company gave a mixed outlook for the second quarter, spooking investors.

The short-term rental company recorded a quarterly profit of $117 million, beating analysts’ expectations of $90 million. Airbnb recorded a loss of $19 million in the first quarter of 2022.

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