(AOF) – Airbnb stumbles 6.31% to $147.93 after forecasting second-quarter revenue lower than Wall Street expectations. The American short-term housing rental platform generated a net profit of $264 million for the first three months of 2024, up 126% year-on-year, as well as an adjusted Ebitda of $424 million, i.e. margin improved by six points to 20%. Its revenues increased by 18% to $2.1 billion.
“We had the best first quarter in our history, with 133 million room nights and experiences booked, as well as double-digit growth in supply in all regions,” said co-founder and CEO Brian Chesky. .
Airbnb said it expects revenues of between $2.68 billion and $2.74 billion for the second quarter, representing an increase of 8% to 10% year-on-year. According to several consensuses, analysts on average expected a figure of $2.74 billion.
Airbnb also expects a record summer season, pointing in particular to the strength of reservations for major events such as the European Football Cup in Germany and the Summer Olympic Games in Paris.
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