Airbnb fell more than 8% before the market opened. Q1 booking growth and second-quarter revenue guidance were both lower than expected.

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Gelonghui, May 9 | Airbnb (ABNB.US) U.S. stocks fell 8.17% before the market opened, at $145

Special topic: Focus on the first quarter financial report of US stocks in 2024. Gelonghui, May 9 | Airbnb (ABNB.US) US stocks fell 8.17% before the market opened, to US$145.
Airbnb\’s revenue in the first quarter was US$2.14 billion, a year-on-year increase of 18%. Analysts expected US$2.06 billion; earnings per share were US$0.41. Market expectations were US$0.24. The same period last year was US$0.18.
During the period, accommodation and experience bookings increased by 9.5%. This was lower than analysts’ expectations of about 12%.
However, the company forecast second-quarter revenue of $2.68 billion to $2.74 billion. The midpoint of the range was below analysts\’ forecasts of $2.74 billion due to an earlier Easter holiday in 2024 and currency headwinds.

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