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00:02Airbnb reported mixed first quarter results after the bell on Thursday
00:07and warned of regional weakness tied to the war in Iran, according to CNBC.
00:12The company reported earnings of 26 cents per share on $2.68 billion in revenue,
00:18compared with analyst expectations of $0.29 per share and $2.62 billion in revenue.
00:24Revenue increased 18% year over year, while net income rose to $160 million or 26 cents per share
00:32from $154 million or 24 cents per share last year.
00:37Airbnb forecast current quarter revenue of $3.54 billion to $3.60 billion,
00:44above analyst expectations of $3.46 billion.
00:48The company also raised its full-year revenue growth outlook to the low to mid-teens
00:53from a prior forecast of 12%.
00:55The company expects the Iran conflict to reduce second quarter nights in seats booked growth
01:00by roughly 100 basis points and slow growth compared with the first quarter.
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