Airbnb is expected to have benefitted from the continued easing of global travel restrictions post-pandemic during the first quarter when it reports its latest financial results after the market close on Tuesday, May 9.
With the release of its fourth quarter 2022 results in February, Airbnb said it expected to see continued strong demand during the upcoming first quarter, noting that European travelers were booking their summer travel earlier, its market share gains in Latin America, and continued recovery in the Asia Pacific region.
It added that it expects year-over-year growth in nights and experiences booked to be nearly as strong as 4Q 2022 when nights and experiences booked grew 20%.
The company forecast revenue between $1.75 billion to $1.82 billion, which represents year-over-year growth of between 16% and 21%.
Wall Street analysts, on average, expect earnings per share of $0.10 on revenue of $1.8 billion, according to Zacks Investment Research.
This would mark a significant improvement over the year-ago quarter when Airbnb reported a loss per share of $0.03 on revenue of $1.5 billion.
Airbnb’s shares were trading up 1.4% at US$119.24 on Friday morning.
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