Airbnb shares slide on lower revenue forecast
Thu, May 9, 2024 9:16 AM

Airbnb shares slide on lower revenue forecast

A Flip by Shubhangi Gupta
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Airbnb's profit more than doubled last quarter, but management's disappointing revenue forecast sparked a roughly 7% drop in its stock in after-market trading Wednesday. The San Francisco-based vacation rental app said its net income rose to $264 million in the first quarter from $117 million a year earlier, on revenue that rose 18% to $2.14 billion.

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