Airbnb (ABNB) Q1 Earnings & Revenues Beat, Increase Y/Y
ABNBAirbnb(ABNB) Zacks Investment Research·2024-05-10 01:36

Airbnb (ABNB) reported adjusted earnings of 41 cents per share for first-quarter 2024, which jumped from 18 cents per share reported in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 78.3%. Revenues of $2.14 billion increased 18% on a reported basis, as well as on an FX-neutral basis, year over year. The top line also surpassed the Zacks Consensus Estimate by 3.7%. The year-over-year increase was driven by continued strength in travel demand and the timing of the Easter holiday. ...