Airbnb sees Q1 revenue above Street estimates on strong international travel

economictimes.indiatimes.com:

Airbnb forecast first-quarter revenue above Wall Street estimates on Tuesday, as it expects a boost from strong cross-border travel and longer-duration bookings.
International travel demand is expected to remain strong this year as global air connectivity increases and travelers flock to Asian and Latin American countries, while domestic travel demand plateaus in North America.

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The San Francisco-based company expects revenue between $2.03 and $2.07 billion, compared with the average LSEG estimate of $2.03 billion.

«Making sure that we invest in these expansion countries where we're under-penetrated, I think that's going to continue to drive growth for us for the rest of the year,» CFO David Stephenson said on a call with analysts.
The company, which now has over 5 million hosts and 7.7 million active listings, said it expects the growth rate of nights booked in the first quarter to moderate compared to the fourth quarter of 2023.
Shares of Airbnb fell 5% in extended trading, reversing course following a 9% rise after the company's earnings beat. Fourth-quarter adjusted earnings per share, excluding non-recurring tax items, came in at 76 cents, above estimates of 62 cents.
Travelers booked 98.8 million nights and experiences during the quarter ended