Airbnb tops revenue estimates, but Middle East cancellations rise due to Iran war

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Airbnb

reported mixed first-quarter results after the bell on Thursday and warned of regional weakness spurred by the war in Iran.

Here’s how the company did versus the LSEG estimates:

Revenue grew 18% during the quarter from $2.27 billion last year. Net income increased to $160 million, or 26 cents per share, from $154 million, or 24 cents per share, last year.