Airbnb stock dives 8% on soft revenue guidance By
Airbnb (ABNB) saw its shares dip about 8% in after-hours trading Wednesday after the company unveiled its financial results for the fiscal Q1 2024.
The company reported earnings per share (EPS) of $0.41, exceeding analyst expectations of $0.23. The company generated $2.14 billion in revenue during the period, surpassing the consensus estimate of $2.06 billion.
For Q2, Airbnb anticipates revenue ranging from $2.68 billion to $2.74 billion, slightly below the projected $2.74 billion.
In addition to a soft Q2 revenue outlook, analysts also pointed toward weak EBITDA forecast and slower-than-expected Nights & Experiences year-over-year growth.
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