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Q1 Revenue

All articles tagged with #q1 revenue

business1 year ago•1 min saved

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.

via Yahoo Finance|

#airbnb #business #cross-border-travel

business2 years ago•2 min saved

Block's Q1 Earnings Exceed Expectations, Boosting Stock Price.

Fintech firm Block reported $2.16 billion in bitcoin revenue in its Cash App unit during Q1, up 18% from Q4 and up 25% from Q1 2022. Cash App generated $50 million in bitcoin gross profit in Q1, up 43% from Q4 and ahead 16% year over year. The company as a whole reported $770 million in gross profit in Q1, up 16% year over year. Block's Q1 revenue of $5 billion topped estimates by $390 million, and non-GAAP earnings per share of 40 cents beat expectations by 6 cents.

via CoinDesk|

#bitcoin #block #business

business2 years ago•3 min saved

Coinbase exceeds Q1 expectations with revenue growth and cost cuts.

Coinbase reported Q1 revenue of $773 million, exceeding analyst estimates of $655 million, and up from Q4 revenue of $629 million. The company reported an adjusted loss of $0.34 per share, compared to an analyst estimate for a loss of $1.45 per share. Trading volume came in at $145 billion versus analyst estimates of $147.7 million for the quarter. Shares of Coinbase were up about 8% to $53 in after-hours trading Thursday. Coinbase recently unveiled its derivatives exchange in Bermuda, which is part of the company’s expansion outside the U.S.

via CoinDesk|

#business #coinbase #cryptocurrency