Airbnb stock dives on soft Q2 guidance; Q1 results beat estimates

Airbnb saw its shares dip more than 6.5% in after-hours trading Wednesday after the company unveiled its financial results for the fiscal Q1 2024.

The company reported earnings per share of $0.41, exceeding analyst expectations of $0.23. The company generated $2.14 billion in revenue during the period, surpassing the consensus estimate of $2.06 billion. For Q2, Airbnb anticipates revenue ranging from $2.68 billion to $2.74 billion, slightly below the projected $2.74 billion.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

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