Airbnb's net income more than doubled in the first quarter compared to the same period last year, though revenue growth was slower at 18%. Earnings per share beat analyst estimates, helped by the timing of Easter holiday revenues. Strong earnings growth was partly driven by one-time factors like the additional leap day and the shift of Easter occurring earlier. Airbnb shares fell around 7% in after-hours trading.
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00:00 It's Benzinga and here's what's on the block.
00:02 Airbnb's net income more than doubled in the first quarter compared to the same period last year,
00:07 though revenue growth was slower at 18%. Earnings per share beat analyst estimates
00:12 helped by the timing of Easter holiday revenues. Strong earnings growth was partly driven by
00:17 one-time factors like the additional leap day and the shift of Easter occurring earlier.
00:22 Airbnb shares fell around 7% in after-hours trading. For all things money visit Benzinga.com