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Analysts were not satisfied with Airbnb's forecast, as reported by Bloomberg. In the second quarter, bookings surged by 8.7% to reach 125.1 million as per the report. This is much below what analysts predicted, as they were expecting growth of 9.8%.
Airbnb's second quarter revenue rose by 11% compared to the previous year, reaching $2.75 billion, surpassing analysts' forecast of $2.74 billion surveyed by London Stock Exchange Group (LSEG), according to CNBC. Net profit dropped by 15% to $555 million, equivalent to $0.86 per share. Analysts forecasted earnings of $0.92 per share.
Airbnb is expecting revenue between $3.67 billion and $3.73 billion for the third quarter, which falls short of the $3.84 billion expected by analysts. The service also anticipates a decrease in bookings next quarter. Bloomberg notes that analysts expecting an 11% growth during the summer travel season will be disappointed by the upcoming results. The agency highlights that Airbnb's growth rate may be the least rapid since 2020, based on the forecast.
source: bloomberg.com
Airbnb's second quarter revenue rose by 11% compared to the previous year, reaching $2.75 billion, surpassing analysts' forecast of $2.74 billion surveyed by London Stock Exchange Group (LSEG), according to CNBC. Net profit dropped by 15% to $555 million, equivalent to $0.86 per share. Analysts forecasted earnings of $0.92 per share.
Airbnb is expecting revenue between $3.67 billion and $3.73 billion for the third quarter, which falls short of the $3.84 billion expected by analysts. The service also anticipates a decrease in bookings next quarter. Bloomberg notes that analysts expecting an 11% growth during the summer travel season will be disappointed by the upcoming results. The agency highlights that Airbnb's growth rate may be the least rapid since 2020, based on the forecast.
source: bloomberg.com
