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By Aishwarya Jain and Doyinsola Oladipo
(Reuters) – Airbnb shares climbed 13% in pre -commercial exchanges Friday after declaring higher quarterly income, drawn by a strong international travel demand. However, the company provides for slower growth in the first quarter due to difficult comparisons from one year to the next and a stronger dollar.
The holiday company rental company said it had continuous growth in Latin America and with cross-border cross-border demand in Asia-Pacific and Europe, the Middle East and Africa. The actions of the company increased by 14% in the exchanges after the bell.
Airbnb provides turnover in the first quarter of $ 2.23 billion to $ 2.27 billion, an increase of 4% to 6%, compared to one year earlier. The company said that income growth benefited during the same period in 2024 of Easter and the inclusion of the Leap day.
The average daily rate, or the cost per night, should decrease slightly in annual sliding in the first quarter due to exchange rates.
A strong American currency makes more expensive for multinationals like Airbnb to convert the profits reserved abroad to dollars. In January, the US dollar index reached a two -year summit.
Excluding the impact of the calendar and the exchange rate, Airbnb provides that income is increasing from the range from 10% to 12% compared to the previous year.
The company expects the nights and the experiences reserved in the first quarter to be stable, compared to the same period a year earlier, during the exclusion of the Leap day. About 133 million nights and experiences were reserved in the first quarter of 2024.
The company based in San Francisco said that it benefited from the launch of its co-host network four months ago, which allows a manager to take care of the guests and the property on behalf of the owner. He said co-animators earn about twice as much as other Airbnb announcements in comparable countries.
Airbnb also said that it was planning to invest $ 200 million $ 250 million for the launch and scaling up new businesses during the year.
Turnover increased by 11.8% to $ 2.48 billion for the fourth quarter enclosed on December 31, against Wall Street, estimates of $ 2.42 billion.
The company posted a profit of 73 cents per share, compared to the expectations of analysts of 58 cents per share.
(Report by Aishwarya Jain in Bengaluru and Doyinsola Oladipo in New York; edition by Anil d’Anva)
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