Airbnb forecast first-quarter revenue to grow between 12% and 14% year over year, reaching $2.03 billion to $2.07 billion, compared with the Capital IQ-polled consensus for $2.03 billion. It said the revenue outlook will benefit due to the timing of the Easter holiday, at the expense of year-over-year growth in the second quarter. Easter is on March 31.
The growth rate of nights booked in the ongoing three-month period is seen moderating sequentially while the annual comparison will be impacted due to strong growth in the first quarter of 2023, the company said.