Airbnb Inc (NASDAQ:ABNB) reported Q1 earnings with an 18% year-over-year revenue increase to $2.14 billion, surpassing the consensus estimate of $2.06 billion. Earnings per share were 41 cents, beating the 22 cents estimate. Gross booking value rose 12% to $22.9 billion, and nights and experiences booked increased by 9.5% to 132.6 million. The company ended the quarter with $11.1 billion in cash and equivalents. Airbnb forecasts Q2 revenue between $2.68 billion and $2.74 billion, expecting stable growth in nights booked. The company anticipates a stronger revenue growth in Q3 2024 due to robust summer travel demand. After the report, ABNB shares dropped 7.75% in after-hours trading to $146.34.