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Benzinga

Business

Wayne Duggan

'Pent-Up Demand Driving Strength': Airbnb Analysts React To Q1 Earnings Beat

Airbnb ABNB Airbnb Inc Nasdaq Aaron Kessler Bernie McTernan Brad Erickson Brian Fitzgerald Justin Patterson Justin Post

Airbnb Inc (NASDAQ:ABNB) shares traded higher by 4.9% on Wednesday after the company reported big first-quarter earnings growth and said it expects a sharp rebound in summer travel in 2022 as pandemic headwinds abate.

On Tuesday, Airbnb reported a first-quarter adjusted EPS loss of 3 cents, well ahead of consensus analyst estimates of a 29-cent loss. First quarter revenue was $1.51 billion, beating analyst estimates of $1.45 billion. Revenue was up 70% from a year ago.

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