Airbnb Exceeds Revenue Expectations with Strong International Travel
Airbnb forecasts first-quarter revenue above Wall Street estimates, driven by strong international travel demand and longer-duration bookings, with revenue expected to be between $2.03 billion and $2.07 billion. The company's shares rose 9% in after-market trading. While the growth rate of nights booked is expected to moderate compared to the previous quarter, Airbnb saw a 12% increase in nights booked during Q4, with significant growth in Asia Pacific and Latin America. However, the company posted a quarterly net loss of $349 million due to outstanding income tax obligations in Italy.
