Reported about 20 hours ago
Airbnb has projected second-quarter revenue below Wall Street expectations amidst indications of softening travel demand in the U.S., largely impacted by erratic trade policies. Shares dropped over 6% following the announcement, while the company's CFO noted a trend of shorter booking windows, reflecting cautious consumer behavior. Despite a moderate revenue increase in the first quarter, net income significantly fell due to rising costs and other financial factors.
Source: YAHOO