ABNB - Airbnb Q1 Earnings: Revenue Beat EPS Beat Gross Booking Value Up 12% And More | Benzinga
Airbnb Inc (NASDAQ:ABNB) reported financial results for the first quarter after the market close on Wednesday. Here’s a rundown of the report.
Q1 Earnings: Airbnb’s first-quarter revenue increased 18% year-over-year to $2.14 billion, which beat the consensus estimate of $2.06 billion. The company said its strong top-line results were primarily driven by continued strength in travel demand and the timing of Easter.
Airbnb reported quarterly earnings of 41 cents per share, which beat analyst estimates of 22 cents per share. Airbnb has now beat analyst estimates on the top and bottom lines in seven consecutive quarters, according to data from Benzinga Pro.
Gross booking value totaled $22.9 billion, up 12% year-over-year. Nights and Experiences booked ...