All articles tagged with #q2 outlook
NIO reported Q1 Non-GAAP EPADS of -$0.36, beating estimates by $0.05, but missed revenue expectations by $80M. The company delivered 31,041 vehicles in Q1, an increase of 20.5% YoY. NIO's Q2 outlook predicts a decrease in deliveries and total revenues compared to the same quarter in 2022.
Airbnb reported Q1 gross booking value of $20.4B, up 19% YoY, and revenue of $1.8B, up 20% YoY. The company's adjusted EBITDA was up 14% to $262M, and free cash flow was $1.6B, up 32% YoY. However, Airbnb's Q2 outlook disappointed investors, with revenue expected to be between $2.35B to $2.45B, and adjusted EBITDA to be lower on a margin basis. Shares of Airbnb fell 9.66% in after-hours trading.
Upstart Holdings' stock surged 31% in after-hours trading after the AI-powered lending platform reported better-than-expected Q1 earnings and provided a positive outlook for Q2, with expected break-even adjusted EBITDA and higher revenue. The company's Q1 revenue of $103.0M beat the consensus estimate, but dropped from the prior quarter and year-ago quarter. Upstart's bank partners originated fewer loans during the quarter, contributing to a decline in contribution profit and margin. Despite industry headwinds, Upstart secured multiple long-term funding agreements during the quarter.