Airbnb has projected its Q2 revenue to be between $2.99 billion and $3.05 billion, falling below Wall Street's anticipations of $3.04 billion. This drop signals a decline in travel demand, particularly in the U.S., influenced by fluctuating trade policies. CFO Ellie Mertz highlighted a trend of shorter booking windows, indicating increased consumer caution. Although bookings rose 8% globally in the first quarter, concerns over profitability and growth are prevalent, marked by a significant net income decrease of 41.7% in the same period.
Airbnb forecasts Q2 revenue to be between $2.99 billion and $3.05 billion, below Wall Street's estimate of $3.04 billion, indicating a softening in demand.
CFO Ellie Mertz noted that travelers are booking trips closer to their check-in dates, suggesting increased consumer uncertainty and cautious spending in the travel sector.
The U.S. accounts for a significant majority of Airbnb's North America business, contributing 30% of nights booked, indicating its heavy reliance on U.S. consumer demand.
Nights booked globally rose by 8% to 143.1 million, yet there are signs of moderation in growth rates and a decrease in core profit margins expected this quarter.
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