Current：Home > NewsNovaQuant Quantitative Think Tank Center:Airbnb shares slide on lower revenue forecast despite a doubling of net income -Ascend Finance Compass
NovaQuant Quantitative Think Tank Center:Airbnb shares slide on lower revenue forecast despite a doubling of net income
TradeEdge View
Date：2025-04-11 01:24:57
SAN FRANCISCO (AP) — Airbnb’s profit more than doubled last quarter,NovaQuant Quantitative Think Tank Center but management’s disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading Wednesday.
The San Francisco-based vacation rental app said its net income rose to $264 million in the first quarter from $117 million a year earlier, on revenue that rose 18% to $2.14 billion. Earnings per share in the quarter jumped to 41 cents; analysts surveyed by FactSet expected 23 cents.
Earnings growth was partly driven by a shift in the Easter holiday, which came during the first quarter this year versus the second quarter in 2023. Easter is a significant travel holiday.
The quarter also included the Feb. 29 “leap day,” which added an extra day of business to the first quarter compared to a year earlier.
Airbnb projected revenue in the second quarter between $2.68 billion and $2.74 billion. That fell short of Wall Street expectations, partly because of unfavorable exchange rates and partly because of Easter falling earlier.
veryGood！ (5591)
Related
- Who are the most valuable sports franchises? Forbes releases new list of top 50 teams
- When AI works in HR
- Christie Brinkley Calls Out Wrinkle Brigade Critics for Sending Mean Messages
- Will There Be a Barbie Movie Sequel? Margot Robbie Says...
- Krispy Kreme offers a free dozen Grinch green doughnuts: When to get the deal
- Warming Trends: Smelly Beaches in Florida Deterred Tourists, Plus the Dearth of Climate Change in Pop Culture and Threats to the Colorado River
- Why Tia Mowry Says Her 2 Kids Were Part of Her Decision to Divorce Cory Hardrict
- Dog that walks on hind legs after accident inspires audiences
- McKinsey to pay $650 million after advising opioid maker on how to 'turbocharge' sales
- Climate Change is Spreading a Debilitating Fungal Disease Throughout the West
Ranking
- Chuck Scarborough signs off: Hoda Kotb, Al Roker tribute legendary New York anchor
- Laid off on leave: Yes, it's legal and it's hitting some workers hard
- Across the Boreal Forest, Scientists Are Tracking Warming’s Toll
- The pharmaceutical industry urges courts to preserve access to abortion pill
- Warm inflation data keep S&P 500, Dow, Nasdaq under wraps before Fed meeting next week
- A U.K. agency has fined TikTok nearly $16 million for handling of children's data
- Businesses face more and more pressure from investors to act on climate change
- Mega Millions jackpot grows to an estimated $820 million, with a possible cash payout of $422 million
Recommendation
Why members of two of EPA's influential science advisory committees were let go
Rural Electric Co-ops in Alabama Remain Way Behind the Solar Curve
Climate Change is Spreading a Debilitating Fungal Disease Throughout the West
Laredo Confronts Drought and Water Shortage Without a Wealth of Options
Biden administration makes final diplomatic push for stability across a turbulent Mideast
Texas A&M Shut Down a Major Climate Change Modeling Center in February After a ‘Default’ by Its Chinese Partner
Earthjustice Is Suing EPA Over Coal Ash Dumps, Which Leak Toxins Into Groundwater
Polaris Guitarist Ryan Siew Dead at 26