ABNB Stock Recent News

Despite first-quarter earnings and revenue beats, Airbnb Inc (NASDAQ:ABNB) stock is down 6% to trade at $148.51 after the company issued a  lackluster fiscal second-quarter outlook.

First-quarter earnings are arguably the most important reports for any stock to release, as they set the tone for the rest of the year and give investors insight into their current—and potential—holdings. After reporting its own set of first-quarter 2024 results, shares of Airbnb Inc. NASDAQ: ABNB fell by 8.5% on what could be the wrong conclusions coming from the market.

Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop fort its stock in after-market trading Wednesday.

Shares in short-term accommodation marketplace Airbnb (ABNB) slid more than 8% in extended trading on Wednesday after the company issued a weaker-than-expected current-quarter outlook, overshadowing its first-quarter earnings and revenue that came in ahead of analysts' expectations.

Airbnb's first quarter results showed growth in listings and in nights booked. And per management commentary on the conference call, demand for international travel remains robust — enough so that the firm is looking ahead to a “record” summer season, tied to sporting events such as the Olympics.

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The Trade Desk (TTD), Arm Holdings (ARM), Airbnb (ABNB), and Instacart (CART) earnings were recently released. Caroline Woods and Kevin Green discuss these earnings.

Airbnb, Inc. (NASDAQ:ABNB ) Q1 2024 Earnings Conference Call May 8, 2024 4:30 PM ET Company Participants Angela Yang - Director, Investor Relations Brian Chesky - Co-Founder & Chief Executive Officer Ellie Mertz - Chief Financial Officer Conference Call Participants Mark Mahaney - Evercore ISI Richard Clark - Bernstein Jed Kelly - Oppenheimer Ron Josey - Citi Eric Sheridan - Goldman Sachs Brian Nowak - Morgan Stanley James Lee - Mizuho Stephen Ju - UBS Kevin Kopelman - TD Cowen Nick Jones - Citizens JMP Naved Khan - B. Riley Securities Conor Cunningham - Melius Research Operator Good afternoon, and thank you for joining Airbnb's Earnings Conference Call for the First Quarter of 2024.

The headline numbers for Airbnb (ABNB) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Airbnb, Inc. (ABNB) came out with quarterly earnings of $0.41 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.18 per share a year ago.