Post by account_disabled on Feb 25, 2024 0:39:17 GMT -5
Airbnb presented its results for the first quarter of the year on Tuesday after the market closed in the United States , with very positive revenues and profits that exceeded analysts' forecasts, but warning that growth will slow down in the second quarter. Between January and March, Airbnb's revenue reached a record after increasing 20% compared to the same period in 2022, up to $1,818 million (around €1,650 million at the current exchange rate). Ebitda was 262 million dollars (about 240 million euros), compared to 229 million dollars the previous year. For its part, the net profit was 117 million dollars (approximately 105 million euros), compared to losses of 19 million dollars in the first quarter of 2022.
This is, they indicate, the first time that they do not present red numbers between January and March. The company's gross booking value increased 19% to $20.4 billion in the first quarter from a year ago, in line with a 19% increase in night and experience bookings to $121 million. Average daily rates remained stable at 168 dollars (just over 150 euros). “We expect to Country Email List achieve revenue of between $2.35 billion and $2.45 billion in the second quarter of 2023. This represents year-over-year growth of between 12% and 16%,” says Brian Chesky, CEO of Airbnb , in his letter to investors. . However, the San Francisco, California-based vacation rental company says it expects fewer bookings and lower average daily rates (ADRs) in the second quarter compared to a year ago — when demand soared.
accumulated demand after omicron. Airbnb will tell you about any annoying tasks a host requires before you book and will remove listings that get low reviews because of them "We expect year-over-year booking growth in Q2 2023 to be lower than our revenue growth during the quarter. Although ADR continues to show more resilience than expected, especially in EMEA and North America, we forecast slightly lower ADR compared to 2022," adds Chesky, explaining that this is due to, among other factors, the introduction of new host pricing tools as part of its summer 2023 launch. The travel sector has so far benefited from higher prices and teleworking, but the slow — but steady — return to normality has tempered its forecasts for the coming months, which will be clouded by high inflation, recession fears and the return to the offices.