Airbnb’s shares are rising after the company announced its first-quarter earnings results. While revenue came slightly short of Wall Street’s expectations, Airbnb’s CEO remains optimistic about its growth prospects. The vacation-rental platform expects to invest in expansion and build on its progress from last year.
In a statement, Airbnb predicted first-quarter sales of $2.23 billion to $2.27 billion. Analysts had expected $2.29 billion. Despite this, the company remains committed to its goals for 2024 and 2025.
“Last year, we successfully outpaced the travel industry’s growth,” said Airbnb CEO in a statement. “We aim to build on this momentum in 2025.” This suggests that despite some shortfalls in Q1, Airbnb is confident about its long-term prospects.
Source: https://www.marketwatch.com/story/airbnb-sales-forecast-just-misses-expectations-but-shares-rally-7e7cfff4