1336 ET - Airbnb's management points to encouraging travel demand trends heading into the current quarter, but Wedbush Securities says it remains cautious given industry data says otherwise. Nights booked on the platform were stable last quarter versus the previous quarter in North America, and slowed across its EMEA and Latin America segments, according to analysts Scott Devitt and Matthew Weiss. They are keeping a close eye on any changes in demand through the rest of the year, given the company's relative exposure to the U.S., where consumers seem to have pulled back on spending the most amid macroeconomic uncertainty, they say. About a third of Airbnb's nights booked are in the U.S. and Canada, they say, lowering their price target on the stock to $130 from $135. Airbnb slides 9.7%. (kelly.cloonan@wsj.com)
(END) Dow Jones Newswires
August 07, 2025 13:36 ET (17:36 GMT)
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