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Airbnb falls after downbeat second-quarter revenue forecast

ReutersMay 2, 2025 11:18 AM

** Vacation rental platform Airbnb's ABNB.O shares down 5.6% to ~$117 premarket

** Company forecast weaker-than-expected Q2 revenue on Thursday

** Sees Q2 revenue between $2.99 bln and $3.05 bln, vs est $3.04 bln - LSEG

** Company also flagged cooling travel demand in the U.S.

** Airbnb expects Q2 price per occupied room to be flat compared to last year

** However, J.P.Morgan raises PT on company's shares to $120 from $115; rating unchanged at "neutral"

** Brokerage encouraged by maintenance of 2025 adj EBITDA margin forecast despite macro uncertainty

** 16 of 46 brokerages rate stock "buy" or higher, 25 "hold" and 5 "sell"; median PT $143.06

** As of last close, stock down 5.6% YTD

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