Airbnb reported its first profitable first quarter, with net income of $117 million, or 18 cents a share, compared with a loss of $19 million, or 3 cents a share, in the year-ago period. $ABNB fell after hours as executives’ forecast was less bullish:
Nights booked on Airbnb Inc. hit a record high in the first quarter as more guests traveled overseas and returned to cities, leading to the company’s first profitable start to the year on record, executives announced Tuesday.
But executives’ forecast was less bullish, even though they expect a strong summer travel season and second-quarter revenue growth. They cautioned that growth in nights and experiences booked will be “unfavorable” compared with the year-ago quarter, when there was a surge in travel demand as fears about...
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