Current location:world >>
Airbnb shares slide on lower revenue forecast despite a doubling of net income
world26People have gathered around
IntroductionSAN FRANCISCO (AP) — Airbnb’s profit more than doubled last quarter, but management’s disappointing ...
SAN FRANCISCO (AP) — Airbnb’s profit more than doubled last quarter, but management’s disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading Wednesday.
The San Francisco-based vacation rental app said its net income rose to $264 million in the first quarter from $117 million a year earlier, on revenue that rose 18% to $2.14 billion. Earnings per share in the quarter jumped to 41 cents; analysts surveyed by FactSet expected 23 cents.
Earnings growth was partly driven by a shift in the Easter holiday, which came during the first quarter this year versus the second quarter in 2023. Easter is a significant travel holiday.
The quarter also included the Feb. 29 “leap day,” which added an extra day of business to the first quarter compared to a year earlier.
Airbnb projected revenue in the second quarter between $2.68 billion and $2.74 billion. That fell short of Wall Street expectations, partly because of unfavorable exchange rates and partly because of Easter falling earlier.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Earth Encounters news portal”。http://cyprus.carpetcleaningepping.com/article-38a599953.html
Related articles
Spanish prosecutors recommend 2nd investigation into Shakira's taxes be thrown out
worldBARCELONA, Spain (AP) — Spanish state prosecutors recommended Wednesday that an investigating judge ...
【world】
Read moreVOX POPULI: Sapporo court’s same
worldA small book titled “Sekai ga Moshi 100-nin no Mura Dattara” (If the World Were a Village of 100 Peo ...
【world】
Read moreJungle Island Music Festival: 60 acts at HK's new, 3
worldA new homegrown, independent music festival, featuring 10 bands and 50 DJs, is set to descend upon L ...
【world】
Read more
Popular articles
- Police clearing Pro
- Department of Conservation set to lose scientific expertise in job cuts
- China warns 'military fans' they could face prison for posting photos online
- 7.7 earthquake hits Taiwan, rescues from collapsed buildings underway
- Bridge being built in northern Arizona almost five years after three children died in Tonto Creek
- Capitol rioters' families draw hope from Trump's promise of pardons
Latest articles
Clarifications and corrections
European court rules human rights violated by climate inaction
BNDES to chair D20, group of major development banks
Brazil's new national minimum wage comes into force
Yamamoto goes 8 innings and Muncy hits early slam as Dodgers beat Marlins 8
VOX POPULI: ‘Dr. Slump’ creator made his mark with toilet humor
LINKS
- Chinese Students Embrace Winter Sports at Ski Resorts in PE Class
- East China City Offers Support to Families with Multiple Children
- Across China: Competition in SW China's Chongqing Inspires Students to Innovate, Start businesses
- Boarding Schools Ensure Fairer Education in Tibet
- GLOBALink
- Tourists Take Part in Lantern Parade to Celebrate Chinese New Year in E China's Anhui
- Elements of 'Rabbit' to Mark Chinese New Year
- Various Activities Held to Celebrate 'Pohui' Festival in S China's Guangxi
- People Enjoy Chinese Lunar New Year Holiday Across China
- More Young Chinese Enjoy Visiting Museums