Online accommodation booking company Airbnb, Inc. (NASDAQ: ABNB) will be reporting second-quarter results today at 4:05 PM ET.
Wall Street predicts an increase in the company’s June quarter earnings to $0.69 per share from $0.56 per share in the year-ago period. Analysts are looking for total revenues of $2.2 billion for the quarter, which would be up 4.5% from last year’s second quarter.
In the first quarter of 2023, Airbnb swung to a net profit of $117 million from a net loss of $19 million during the year-earlier period. The bottom line benefitted from a 20% increase in total revenue to about $1.82 billion. Nights and Experiences Booked rose to a record high of more than 120 million bookings in the quarter.
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