Airbnb (NASDAQ:ABNB) Swings to Q4 2023 Loss Amid Higher Revenue; Issues Q1 2024 Guidance

Airbnb (ABNB) reported late Tuesday that its Q4 swung to a loss of $0.55 per diluted share from earnings of $0.48 a year ago.

Analysts surveyed by Capital IQ expected EPS of $0.55.

Revenue for the quarter ended Dec. 31 was $2.22 billion, up from $1.90 billion a year earlier.

Analysts surveyed by Capital IQ expected $2.16 billion.

The company said it expects Q1 revenue of $2.03 billion to $2.07 billion. Analysts surveyed by Capital IQ expect $2.03 billion.

Airbnb’s board approved an up to $6 billion share repurchase program.

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