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Airbnb doubles profit in Q1

financial market news

Airbnb Inc (NASDAQ: ABNB) reported first-quarter profit of $246 million, or 41 cents a share, compared with $117 million, or 18 cents a share, a year earlier. Revenue for the period rose to $2.14 billion from $1.82 billion. The company had previously expected earnings of 24 cents a share on revenue of $2.06 billion. Bookings rose 9.5% year over year to $22.9 billion. The company said second-quarter revenue will be between $2.68 billion and $2.74 billion. Analysts had expected $2.74 billion.

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