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Airbnb shares gain as investors cheer revenue forecast raise, AI payoff
Reuters10d agoneutral
Airbnb shares gain as investors cheer revenue forecast raise, AI payoff

Airbnb shares rose 9% in premarket trading on Friday as the vacation-rental firm's raised annual revenue forecast eased worries over the ‌fallout on global travel demand from the conflict in the Middle East. As ‌the war in Iran enters its sixth month, hotel operators and online travel agencies are banking on steady ​leisure demand and a host of upcoming international sporting events to help offset any likely impact. "Despite the ongoing conflict in the Middle East, we continue to see strong underlying demand globally," said finance chief Elinor Mertz on Thursday, adding that the company did not assume any ‌significant impact in its current ⁠quarter.