(Reuters) – Airbnb on Tuesday reported a better-than-expected revenue forecast for the current quarter, saying it expected to benefit from strong levels of cross-border travel and citing longer-term bookings.
While domestic demand has reached a plateau in North America, international travel is expected to continue to grow this year, due to increased air connections across the world, particularly to Asia and Latin America. .
Airbnb said it expected revenue of between $2.03 billion and $2.07 billion for the January-March period, while the consensus was for $2.03 billion according to LSEG data.
The stock of the San Francisco-based company climbed 9% in after-hours trading.
Read also…
For the current quarter, growth in the number of nights booked is expected to have slowed, Airbnb said, as 98.8 million room nights and “experiences” were recorded in the October-December period – an increase of 12% on a year-on-year basis. year.
Airbnb’s revenue for the fourth quarter of 2023 was $2.20 billion, beating the group’s forecast.
However, it suffered a net loss of $349 million in the October-December period, as additional taxes on its income in Italy took its toll.
(Reporting by Aishwarya Jain in Bangalore and Doyinsola Oladipo in New York; French version by Jean Terzian)
©2024 Thomson Reuters, all rights reserved. Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. “Reuters” and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies.