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Vacation rental site Airbnb reported first-quarter revenue and gross bookings that beat expectations and raised its full-year guidance, but also said travel plans are being impacted by the conflict in the Middle East. At the same time, online travel agency Expedia Group missed first-quarter revenue expectations but reported record first-quarter profit and higher-than-expected gross bookings. Airbnb said first-quarter revenue increased 18% from a year ago to $2.7 billion, “exceeding the high end of our guidance.”

Airbnb's (ABNB) first-quarter earnings lagged Wall Street's estimates, while the vacation rental com

Airbnb is set to report its fiscal Q1 earnings tomorrow (May 7) after market close. Options traders are currently positioned for upside in ABNB stock after its quarterly release.

First quarter earnings season is in full swing, with a full slate of semiconductor and consumer companies slated to report results.