Trending: Airbnb Books Strong 1Q Profit, Warns of Slower Growth Ahead
10 May 2023 - 11:56PM
Dow Jones News
9:26 ET -- Airbnb is one of the most mentioned companies in the
U.S. across all news items in the last 12 hours, according to
Factiva data. Driven by a strong rebound in travel, Airbnb's
first-quarter earnings beat analysts' forecasts--with a profit of
$117 million beating predictions for $90 million. However, the
short-term rental company warned that average daily rates are seen
falling slightly in the second quarter compared with a year
earlier, and that nights booked would be rising more slowly than
revenue growth. Dow Jones & Co. owns Factiva.
(susan.solan@wsj.com)
(END) Dow Jones Newswires
May 10, 2023 09:41 ET (13:41 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
Airbnb (NASDAQ:ABNB)
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