EFE
Airbnb's vacation rental company fell almost 11% on Wednesday on Wall Street after anticipating a normalization of its business in the second quarter of 2023, in which it expects to grow but not as much as a year earlier, when there was a "boom" in demand after the pandemic shutdown.
Airbnb released its latest financial results at the close of trading on Tuesday and suffered a very bad day in the markets yesterday as a result, where its stock price has experienced strong fluctuations over the past year.
Investors punished the tourism company for forecasting slightly lower revenues than analysts expected in the coming months, a situation that Airbnb attributes mainly to greater consumer spending restraint in a context of high inflation.
In the first quarter, the company exceeded expectations with a net profit of $117 million, compared to a loss of $19 million a year earlier, and with a 20% increase in its revenue, to just over $1.8 billion.
For the second quarter, when tourism picks up pace, Airbnb expects to bring in between $2.35 billion and $2.45 billion.
