GoKawiilAirbnb reported mixed first-quarter results after the bell on Thursday and warned of regional weakness spurred by the war in Iran.
Here's how the company did versus the LSEG estimates:
Earnings per share : 26 cents vs. 29 cents expected
: 26 cents vs. 29 cents expected Revenue: $2.68 billion vs. $2.62 billion expected
Revenue grew 18% during the quarter from $2.27 billion last year. Net income increased to $160 million, or 26 cents per share, from $154 million, or 24 cents per share, last year.
For the current quarter, Airbnb issued an upbeat forecast, calling for revenue between $3.54 billion and $3.60 billion. Analysts expected $3.46 billion in revenue. The company lifted revenue guidance for the year to "low to mid teens" growth from a 12% forecast.
Like many travel and airline companies, Airbnb is feeling the pressure from the Iran war, which has spiked oil prices, cancelled flights, and fueled widespread regional uncertainty.
The company expects a 100-basis-point headwind to nights and seats booked in the second quarter, and a deceleration relative to the first quarter, due to the war.
"We remain optimistic about our continued momentum, even as we face tougher comparisons in the back half of this year against the rollout of Reserve Now, Pay Later in 2025 and current headwinds from the Middle East conflict," the company wrote in a letter to shareholders.