Airbnb forecasts weaker Q2 revenue despite robust demand for international travel

Airbnb reported a higher quarterly profit but projected weaker Q2 revenue than expected, causing an 8% drop in shares post-announcement. Despite robust international travel boosting first-quarter earnings, Q2 forecasts of $2.68 to $2.74 billion fell short of the anticipated $2.74 billion. This shortfall is attributed to currency fluctuations and the timing of the Easter holiday, which may negatively impact bookings. The company anticipates accelerated revenue growth in Q3, driven by major international events.