Airbnb has reported its first quarter performance for the year 2024, with revenue of $2,142 million, up by 18% compared to the same quarter last year. The company also recorded a net profit of $264 million.
The total number of bookings and activities on the platform reached 132.6 million nights in the past quarter, marking a 9% increase. The total value of bookings amounted to $22.9 billion, showing a 12% increase.
Airbnb anticipates a continued high trend in travel and accommodation bookings in the second and third quarters, stemming from summer vacations on the West Coast, the Olympics in Paris, and other major events.
Source: Airbnb and CNBC
TLDR: Airbnb reports a strong financial performance in Q1 2024, with a significant increase in revenue and bookings. Expectations for high travel demand in the upcoming quarters remain positive.
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