The Airbnb Growth Juggernaut Just Slowed
Skift Take
The moderation in Airbnb's growth in the second quarter, which ended June 30, is obviously not because stock markets have nosedived in the past week. It's tough to keep a company growing at a rapid clip at scale.
A year ago, in the second quarter of 2023, Airbnb could boast 18% revenue growth. Its gross booking value climbed 13%, and room nights and experiences jumped 11%.
Results for this year's second quarter, announced Tuesday, showed slowing in several key areas — and its outlook for the third quarter represents more of the same.
Consider that:
Airbnb said that in the third quarter, it expects a "sequential moderation" in year-over-year nights and experiences booked compared with the 9% growth in the second quarter. While Latin America and Asia