ABNB - Investors Are Selling Airbnb Stock Thursday: What's Going On? | Benzinga
Airbnb Inc (NASDAQ:ABNB) shares are trading lower Thursday on the heels of the company’s first-quarter financial results. The company’s outlook appears to be responsible for the weakness. Here’s a look at what you need to know.
- Q1 Revenue: $2.14 billion, versus estimates of $2.06 billion
- Q1 EPS: 41 cents, versus estimates of 22 cents
Airbnb said its strong revenue results were primarily driven by continued strength in travel demand and the timing of Easter. Gross booking value totaled $22.9 billion, up 12% year-over-year. Nights and Experiences booked came in at 132.6 million, up 9.5% year-over-year. Airbnb also generated $1.9 ...