Airbnb The first quarter results of the report mainly fit the estimates, but the company released disappointing revenue forecasts during the current period.

Stocks fell more than 5%.

Here is how the company compares to the LSEG estimate:

• Earnings per share: 24 cents, estimated 24 cents
• income: $2.27 billion vs. $2.26 billion expected

Revenues rose 6% from $2.1 billion a year ago. Net income fell from $264 million ($264 million or 41 cents per share) to $154 million or 24 cents per share in the same period a year ago.

Airbnb said that in the second quarter, the revenue was expected to be between $2.99 ​​billion and $3.05 billion, or $3.02 billion in the middle of the range. Analysts forecast revenues of $3.04 billion for the current period. The company said the period is expected to include two percent of earnings due to Easter timing.

"In the U.S., we're seeing relatively soft results, which we think is driven primarily by broader economic uncertainty," the company said in a letter to shareholders.

Although the company said that despite widespread macro uncertainty, the company reported "softness" of travel from Canada to the United States until the end of the quarter. Airbnb says most nights booked in the United States originate from family travel.

Tariffs are the story of this income season as investors look for signs of President Donald Trump's imposition of imports is suppressing costs and consumer spending.

Total booking value measures custody income, service fees, cleaning fees and tax revenue, up 7% year-on-year to $24.5 billion, meeting estimates. Nights and experience grew 8% from a year ago to a total of 143.1 million, compared with analyst estimates of 143.4 million.

Airbnb said that except North America, nights and experiences increased 11% from a year ago. The nights booked by Canadian guests visiting Mexico jumped 27% from March a year ago. The company said it hopes the nights and experience bookings will be "moderate" during the current period of the first quarter.

"During April, we saw a strong demand for Easter travel from Latin America, which is still the fastest growing region we have," Airbnb said.

Airbnb also teased new updates that will exceed accommodation later this month. The company said it has removed 450,000 listings since updating its host quality system in 2023.

Airbnb executives will host earnings calls with analysts at 4:30 pm ET.