
Airbnb Faces Q2 2023 Booking Shortfall in Nights and Experiences
Additionally, Airbnb is looking to leverage the power of OpenAI’s GPT-4 large language model to enhance its customer service department.
Additionally, Airbnb is looking to leverage the power of OpenAI’s GPT-4 large language model to enhance its customer service department.
Airbnb stock price crashed as the company shared a cautious stand for the second quarter. However, Airbnb sees a strong demand boost during the summer season ahead.
In the earnings report, Airbnb noted that net revenue in Q4 2022 rose from $55 million in Q4 2021 to $319 million.
Airbnb had a good Q3 2022 outing, but considers that prevalent macroeconomic headwinds may impact its Q4 performance.
The company will maintain an office in Beijing with hundreds of employees to serve Chinese outbound travel.
Airbnb stock has largely remained indifferent to the ongoing war but in terms of investor sentiment, the shares have taken a beating in relation to other tech stocks on Wall Street.
Analysts at Truist Securities initiated coverage of Airbnb stock with a below-market target price of $154 a share.
Airbnb saw its market valuation surge above $100 billion for the first time ever.
Airbnb valuations skyrocket to $86.5 billion on the first day of its stock market listing making the online rental marketplace even bigger than some of the big hotel chains like Marriott and Hilton.