Airbnb posts $117 million profit, but Q2 outlook disappoints
05/10/2023|8:04:00 AM|AP

Airbnb said Tuesday that it earned $117 million in the first quarter as revenue rose during the ongoing recovery in travel, but the company predicted that bookings in late spring and early summer will fall short of last year’s numbers.

Nights and experiences booked, a closely watched measurement for Airbnb, increased 19% to 121 million, and the company valued the bookings made in the quarter at $20.4 billion, a 19% increase.

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