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Airbnb forecasts lower third-quarter revenue as economic worries slow demand — Reuters
The forecast for third-quarter revenue came in below estimates on Tuesday and warned of shorter booking windows, suggesting travelers were waiting until the last minute to book due to economic uncertainty, sending its shares down 15% after the bell.
It expects third-quarter revenue to be between $3.67 billion and $3.73 billion, below analysts' estimate of $3.84 billion. The company expects moderating growth in nights booked in the third quarter and experiencing shorter booking lead times globally.
#Airbnb #Economy - Boost
@MTodayNews
The forecast for third-quarter revenue came in below estimates on Tuesday and warned of shorter booking windows, suggesting travelers were waiting until the last minute to book due to economic uncertainty, sending its shares down 15% after the bell.
It expects third-quarter revenue to be between $3.67 billion and $3.73 billion, below analysts' estimate of $3.84 billion. The company expects moderating growth in nights booked in the third quarter and experiencing shorter booking lead times globally.
#Airbnb #Economy - Boost
@MTodayNews