Airbnb Posts $117 Million Profit, but Q2 Outlook Disappoints

Airbnb Posts $117 Million Profit, but Q2 Outlook Disappoints
The Airbnb app icon is displayed on an iPad screen in Washington on May 8, 2021. Patrick Semansky/AP Photo
The Associated Press
Updated:

Airbnb said that it earned $117 million in the first quarter as revenue rose during the ongoing recovery in travel, but the company’s outlook for late spring and early summer disappointed investors.

The San Francisco-based company’s shares fell nearly 12 percent in extended trading hours after Airbnb posted the forecast on Tuesday.