{"id":1929598,"date":"2023-05-12T08:28:13","date_gmt":"2023-05-12T12:28:13","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/woke-airbnb-sees-its-shares-plummet-12-following-weak-earnings-guidance\/"},"modified":"2023-05-12T08:31:37","modified_gmt":"2023-05-12T12:31:37","slug":"woke-airbnb-sees-its-shares-plummet-12-following-weak-earnings-guidance","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/woke-airbnb-sees-its-shares-plummet-12-following-weak-earnings-guidance\/","title":{"rendered":"Airbnb&#8217;s Shares Drop 12% After Poor Earnings Forecast."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fwoke-airbnb-sees-its-shares-plummet-12-following-weak-earnings-guidance%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1929598&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Airbnb Shares Fall Despite Strong Q1 Earnings<\/h2>\n<p>The <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tulsi-gabbard-says-adam-schiff-and-john-brennan-are-more-dangerous-than-the-mob-at-the-capitol-video\/\" title=\"Tulsi Gabbard Says Adam Schiff And John Brennan Are More Dangerous Than The Mob At The Capitol (VIDEO)\">industry leader<\/a> in home sharing, Airbnb, reported Q1 sales of $1.82 billion, exceeding the $1.79 billion consensus analyst estimate from Refinitiv. Additionally, the business reported EPS of 18 cents, more than doubling the forecasted figure of nine cents. With a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dating-app-bumble-shares-close-63-higher-after-ipo-with-founder-becoming-youngest-female-ceo-to-take-a-large-u-s-company-public\/\" title=\"Dating App Bumble Shares Close 63% Higher After IPO, With Founder Becoming \u2018Youngest Female CEO To Take A Large U.S. Company Public\u2019\">net profit<\/a> of $117 million, Airbnb has experienced its first profitable first quarter on a GAAP basis. In the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/twitter-is-growing-at-fastest-level-since-2014\/\" title=\"Twitter Is Growing At Fastest Level Since 2014\">year-ago quarter<\/a>, the company had a net loss of $19 million, or three cents per share.<\/p>\n<p>Despite these impressive figures, CNBC reports that Airbnb shares fell 12 percent in Wednesday morning trading. Airbnb\u2019s weaker-than-expected guidance and a cautious outlook for the second quarter of 2023 are blamed for the decline in share price.<\/p>\n<h3>Challenges Ahead for Airbnb<\/h3>\n<p>In a shareholder letter, Airbnb noted that year-over-year comparisons for the second quarter would be difficult, stating that \u201cNights and Experiences Booked will have unfavorable year-over-year comparisons in Q2 2023 as we overlap pent-up 2022 demand following the COVID Omicron variant.\u201d In light of this, the platform projected Q2 revenue between $2.35 billion and $2.45 billion, which was slightly less than Refinitiv\u2019s forecast of $2.42 billion.<\/p>\n<p>Airbnb has previously come under fire for its politically biased treatment of its users, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/woke-airbnb-sees-its-shares-plummet-12-following-weak-earnings-guidance\/\" title=\"Airbnb's Shares Drop 12% After Poor Earnings Forecast.\">including prominent conservative voices<\/a>. In February 2022, Breitbart News reporter Alana Mastrangelo wrote about <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/breaking-steven-crowder-announces-lawsuit-against-facebook\/\" title=\"BREAKING: Steven Crowder Announces Lawsuit Against Facebook\">conservative author<\/a> and journalist Michelle Malkin and her husband being banned by Airbnb as \u201cretaliation\u201d for engaging in free speech at a conference last November.<\/p>\n<h3>Airbnb\u2019s Strategic Goals<\/h3>\n<p>In the investor letter, Airbnb emphasized its focus on three strategic goals: making hosting as popular as travel, offering guests reasonably priced lodging, and growing its presence in \u201cless mature\u201d international markets. The company wants to increase the platform\u2019s appeal to both hosts and visitors while also ensuring a wider reach in underserved areas.<\/p>\n<ul>\n<li>Airbnb reported Q1 sales of $1.82 billion, exceeding the $1.79 billion consensus analyst estimate from Refinitiv.<\/li>\n<li>The business reported EPS of 18 cents, more than doubling the forecasted figure of nine cents.<\/li>\n<li>Airbnb has experienced its first profitable first quarter on a GAAP basis.<\/li>\n<li>Airbnb shares fell 12 percent in Wednesday morning trading due to weaker-than-expected guidance and a cautious outlook for Q2 2023.<\/li>\n<li>Airbnb has previously come under fire for its politically biased treatment of its users, including prominent conservative voices.<\/li>\n<li>Airbnb emphasized its focus on three strategic goals: making hosting as popular as travel, offering guests reasonably priced lodging, and growing its presence in \u201cless mature\u201d international markets.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Woke corporation Airbnb shares fell by 12 percent in Wednesday morning trading even though the company reported first-quarter earnings that exceeded analyst expectations for both revenue and earnings per share (EPS). The decline in share price followed Airbnb\u2019s weaker-than-expected guidance and a cautious outlook for Q2 2023. CNBC reports that despite the company reporting first-quarter<\/p>\n","protected":false},"author":1,"featured_media":1929599,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[547],"tags":[11414,26580,5053,11333,16788,9410,4790],"class_list":["post-1929598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-bongino-report","tag-11414","tag-airbnbs","tag-drop","tag-earnings","tag-forecast","tag-poor","tag-shares"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1929598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1929598"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1929598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1929599"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1929598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1929598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1929598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}