Airbnb Shares Fall as Company Issues Mixed Outlook

📆 5/9/2023 7:10 PM
📰 WSJ

⏱ Reading Time:
10 sec. here
2 min. at publisher
📊 Quality Score:
News: 7%
Publisher: 63%

United States News News

United States United States Latest News,United States United States Headlines

Airbnb saw rising profits and bookings in the first quarter as travel demand continues to show strength despite recession fears and high inflation

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.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Palantir shares jump as company registers profit surprise while PayPal stock slumpsHere are some of the biggest movers of the day:
Source: MarketWatch - 🏆 3. / 97 Read more »

Airbnb drops 10% after earnings report offers cautious outlook for Q2Airbnb drops 10% after earnings report offers cautious outlook for Q2
Source: CNBC - 🏆 12. / 72 Read more »

Stocks making the biggest moves after hours: Airbnb, Twilio, Rivian, Occidental Petroleum and moreSee which stocks are posting big moves after the bell.
Source: CNBC - 🏆 12. / 72 Read more »

Musk's Boring Company could make public transportation cheaper: expertElon Musk's Tesla tunnels are a 'fake alternative' to solve traffic but if he made them for subways we'd all be better off, expert says
Source: BusinessInsider - 🏆 729. / 51 Read more »