Technology
Airbnb Shares Slide By Most Since 2022 on Weak Outlook, Bookings
- Forecasts for sales and nights booked miss analyst estimates
- Shorter booking lead times and weaker US demand dampened gains
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Airbnb Inc. shares plunged by the most in nearly two years after the company issued yet another disappointing outlook and warned of slowing demand from US vacationers.
Bookings rose 8.7% in the second quarter to 125.1 million, falling well below analysts’ estimates. And Airbnb said it expects “sequential moderation” of growth in bookings in the third quarter, too, signaling that results will disappoint analysts who had projected an 11% gain amid the peak summer travel season.