Airbnb's Stock Declines Despite Record Q1 Earnings Amid Weaker Q2 Forecast

Despite strong first-quarter results, Airbnb's stock fell due to concerns over its less optimistic revenue projections for the upcoming quarter.

Airbnb's net income more than doubled to $264 million in Q1, with revenue increasing by 18% to $2.14 billion.
The company's stock dropped approximately 7% following a forecast that Q2 revenue would be below expectations, ranging between $2.68 billion and $2.74 billion.
Earnings growth was boosted by the timing of Easter and robust travel demand, particularly in Asia-Pacific and Latin America.
Airbnb's bookings for nights and experiences grew by 9.5% year-over-year, driven by a significant increase in the Asia and Latin America markets.
The company anticipates accelerated revenue growth in Q3, buoyed by major international events like the 2024 Summer Olympics and the Euro Cup.