US EditionAirbnb shares drop 14% on earnings miss as company warns of slowing U.S. demand
- Airbnb shares fell by 14% after the company forecasted third-quarter revenue below estimates, between $3.67 billion and $3.73 billion, missing the $3.84 billion consensus.
- The company cited “mild moderation” and shorter booking windows due to economic uncertainty as reasons for slowing demand from U.S. Guests.
- Analysts expected an 11% growth boost for the third quarter, but Airbnb reported only an 8.7% gain for the last quarter, indicating further flat performance.
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Airbnb Gives Soft Outlook on ‘Signs of Slowing Demand’ From US
Airbnb Inc. gave a disappointing outlook for a third consecutive quarter as it warned of slowing demand from US travelers — a sign that momentum in travel spending will continue to taper off even during the peak summer season.
·United States
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Channel News Asia+2 Reposted by 2 other sources
Airbnb forecasts dour third-quarter revenue as economic worries slow demand
Vacation rental company Airbnb forecast third-quarter revenue below Wall Street estimates on Tuesday and reported a lower second-quarter profit, as it flagged weakening demand from U.S. customers.Shares of the company were down about 12 per cent after the bell. Domestic travel in the United States
·Singapore
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Leaning Left1Leaning Right1Center6Last UpdatedBias Distribution75% Center
Bias Distribution
- 75% of the sources are Center
75% Center
13%
C 75%
13%
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