Airbnb beats Q1 revenue estimates but misses earnings, raises full-year revenue forecast amid Middle East challenges.

Airbnb reported first-quarter revenue of $2.68 billion, beating estimates, but earnings per share of 26 cents fell short of the 29 cents expected. The company faced cancellations in EMEA and Asia Pacific due to the Iran war, which also pressured bookings and growth. Despite this, Airbnb raised its full-year revenue growth guidance to low to mid-teens and expects a record number of guests for the upcoming FIFA World Cup event. Gross booking value and nights booked both exceeded analyst expectations, supported by growth in new markets like Brazil, Japan, and India.