{"id":2503,"date":"2024-05-09T11:12:06","date_gmt":"2024-05-09T11:12:06","guid":{"rendered":"https:\/\/stoxpo.com\/?p=2503"},"modified":"2024-05-09T11:12:07","modified_gmt":"2024-05-09T11:12:07","slug":"airbnbs-quarterly-profit-surges-yet-second-quarter-outlook-disappoints","status":"publish","type":"post","link":"https:\/\/stoxpo.com\/index.php\/2024\/05\/09\/airbnbs-quarterly-profit-surges-yet-second-quarter-outlook-disappoints\/","title":{"rendered":"Airbnb’s Quarterly Profit Surges, Yet Second-Quarter Outlook Disappoints"},"content":{"rendered":"\n

San Francisco-Based Rental Giant Faces Mixed Market Response Despite Strong Q1 Performance<\/h4>\n\n\n\n

Airbnb (ABNB) reported a notable increase in quarterly profit, with first-quarter revenue reaching $2.14 billion, marking an 18% rise compared to the previous year. However, the company’s second-quarter revenue forecast fell short of Wall Street expectations, prompting an 8% drop in share prices early on Thursday.<\/p>\n\n\n\n

Despite robust performance in regions like Asia-Pacific and Latin America, where travel demand surged, Airbnb cited factors such as currency exchange rates and the timing of the Easter holiday for the subdued second-quarter outlook. While first-quarter bookings saw a significant uptick, the company anticipates a potential slowdown in the second quarter due to the holiday’s impact.<\/p>\n\n\n\n

Chief Financial Officer Ellie Mertz expressed a desire for higher growth but acknowledged the prevailing trends shaping the company’s outlook. Despite challenges, Airbnb reported a net income of $264 million for the quarter, surpassing analyst expectations.<\/p>\n\n\n\n

Looking ahead, Airbnb remains optimistic about summer revenue growth, expecting acceleration in the third quarter driven by international events like the Olympics and Euro Cup.<\/p>\n\n\n\n

You might like this article:Advancing Cancer Therapy: CytomX\u2019s Positive Clinical Data and Future Milestones<\/mark><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

San Francisco-Based Rental Giant Faces Mixed Market Response Despite Strong Q1 Performance Airbnb (ABNB) reported a notable increase in quarterly profit, with first-quarter revenue reaching $2.14 billion, marking an 18% rise compared to the previous year. However, the company’s second-quarter revenue forecast fell short of Wall Street expectations, prompting an 8% drop in share prices […]<\/p>\n","protected":false},"author":2,"featured_media":1687,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jnews-multi-image_gallery":[],"jnews_single_post":{"subtitle":"","format":"standard","video":"","gallery":"","source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"8","single_blog_custom":"","parallax":"1","fullscreen":"1","layout":"right-sidebar-narrow","sidebar":"author","second_sidebar":"single-right","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"0","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"0","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","show_prev_next_post":"1","show_popup_post":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"0"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored by","sponsored_post_name":"","sponsored_post_url":"","sponsored_post_logo_enable":"0","sponsored_post_logo":"","sponsored_post_desc":"","disable_ad":"0"},"jnews_primary_category":{"id":"","hide":""},"jnews_social_meta":{"fb_title":"","fb_description":"","fb_image":"","twitter_title":"","twitter_description":"","twitter_image":""},"jnews_override_counter":{"override_view_counter":"0","view_counter_number":"0","override_share_counter":"0","share_counter_number":"0","override_like_counter":"0","like_counter_number":"0","override_dislike_counter":"0","dislike_counter_number":"0"},"jnews_post_split":{"enable_post_split":"0","post_split":[{"template":"1","tag":"h2","numbering":"asc","mode":"normal","first":"0","enable_toc":"0","toc_type":"normal"}]}},"categories":[323,361],"tags":[419,420,418,417],"coauthors":[],"_links":{"self":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/2503"}],"collection":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/comments?post=2503"}],"version-history":[{"count":1,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/2503\/revisions"}],"predecessor-version":[{"id":2504,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/posts\/2503\/revisions\/2504"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media\/1687"}],"wp:attachment":[{"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/media?parent=2503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/categories?post=2503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/tags?post=2503"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/stoxpo.com\/index.php\/wp-json\/wp\/v2\/coauthors?post=2503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}