AirbnbOn Tuesday, the company announced better-than expected results and offered a optimistic forecast for its second quarter. rebound in travelThe pandemic is over.

After-hours trading saw shares rise more than 6 percent

These are the main numbers

• Loss Per Head:3.0 cents to 29.0 cents According to Refinitiv, analysts expect this.
• Revenue:According to Refinitiv, $1.51 Billion versus $1.45 Billion expected

RevenueThe company stated that revenue rose 70% in the quarter compared to a year ago, in spite of pandemic fears, macroeconomic headwinds and war in Ukraine. Airbnb saw a net loss of $19 million, compared to $1.2 billion in the previous quarter.

In the current quarter, growth is expected to remain strong. Airbnb claimed revenue would be between $2.03 billion to $2.13 billion. This is higher than the average analyst estimate of $1.96 million. This would indicate growth of 52% at the lower end.

The company stated that bookings are at risk from “additional Covid epidemics”, any travel impact due to the conflict in Ukraine and consumer price sensitive.

Airbnb has booked more nights than ever before in its first quarter. According to StreetAccount, analysts expected this number to reach 100.87 millions.

The confidence of travelers is growing as they book trips earlier in the year. The company booked 30% more summer vacation nights at the end of April than in 2019, compared to 2019.

Airbnb’s gross booking value is a way to measure host earnings and cleaning fees. It exceeded Wall Street’s estimate of $16.54 trillion, per StreetAccount. This is 67% more than the previous year.

The average daily rate rose by 5% to $168 from the previous year. ADR is expected to remain the same year over year in the second quarter.

The company stated that “Stable ADR for Q2 2022 indicates that Nights and experiences booked growth in Q2 will serve as a good indicator to GBV growth, both year-over-year.”

Airbnb is a beneficiary of the Covid-19 epidemic’s changes to the way people travel and work. Workers were not tied down to their desks, and it was possible for them to travel remotely. There are many policies in place that permit workers the freedom of working from any location.

Airbnb announced last week that it will allow employees to use its website. work from whereverThey can live and work wherever they like in the U.S. From September staff can work and live for 90 days in any of the 170 locations.

Airbnb stated that long-term stay of more than 28 days was its fastest growing category in terms of trip length, compared with 2019. In the first quarter, they accounted to 21% of all gross nights.

Airbnb also updated its customers about their humanitarian work in Ukraine. Airbnb offeredUp to 100,000 refugee families can receive temporary, free housing. Airbnb claims that more than 14,000 refugees have been provided temporary accommodation in Europe by the company. More than 34,000 individuals also signed up for refugee housing.

The company waived the host fee and guest fees for people who booked listings in Ukraine, even though they were not intending to stay. Airbnb reported that 600,000.0 nights had been booked in Ukraine during the quarter, with an estimated GBV of $20 million.

AT 5:30 PM, investors will hear the company discuss their results. ET. Keep checking back for more updates.