Earnings

Airbnb (ABNB) Q1 earnings report 2023

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Brian Chesky, CEO of Airbnb speaking on CNBC’s Squawkbox on May 4th, 2023.

CNBC

Shares of Airbnb fell as much as 10% in extended trading Tuesday despite first-quarter earnings that beat analyst estimates on the top and bottom lines, as it offered slightly weaker-than-expected guidance and a cautious outlook for the current quarter.

Here’s how the company did as per consensus analyst estimates by Refinitiv:

  • EPS: 18 cents vs. 9 cents expected
  • Revenue: $1.82 billion vs. $1.79 billion expected

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Total revenue rose 20% year over year. Airbnb swung to a net profit of $117 million, or 18 cents per share, from a net loss of $19 million, or 3 cents per share, in the…



Source cnbc.com

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