Airbnb's Q1 Earnings Beat Expectations, Shares Fall in After-Hours Trading from bev net live Watch Video
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⏲ Duration: 0:29 👁 View: 765K times ✓ Published: 10-May-2024
Description: Airbnb's net income more than doubled in the first quarter compared to the same period last year, though revenue growth was slower at 18%. Earnings per share beat analyst estimates, helped by the timing of Easter holiday revenues. Strong earnings growth was partly driven by one-time factors like the additional leap day and the shift of Easter occurring earlier. Airbnb shares fell around 7% in after-hours trading.