Airbnb Stock Plummets 14% on Slowing US Demand and Shorter Booking Windows
The vacation rental giant's earnings miss and cautious outlook signal growing economic uncertainty affecting travel behavior.
- Second-quarter earnings fell short of analysts' expectations, with net income down 15% year-over-year.
- Revenue increased 11% to $2.75 billion, but the company warned of 'sequential moderation' in future bookings.
- Shorter booking lead times and reduced demand from US travelers are key concerns for investors.
- Despite challenges, Airbnb saw record Nights and Experiences Booked, particularly in Latin America and Asia Pacific.
- Regulatory hurdles in key markets like California are adding to the company's headwinds.