Reported 2 months ago
Airbnb has forecasted lower revenue for the third quarter than previously estimated, citing economic uncertainties causing travelers to book vacations later than usual. The company's revenue expectation of $3.67 billion to $3.73 billion falls short of analyst estimates, and its shares dropped 15% following the announcement. Domestic travel has weakened as current economic conditions have made consumers more cautious about discretionary spending.
Source: YAHOO