Why Airbnb Investors Should Brace for Worse Financial Results This Year

Airbnb (NASDAQ: ABNB) is expecting a slowdown on its platform this year and it's also implementing some changes that could impact revenue growth. Airbnb announced many new features in its most recent shareholder letter that it rolled out in its 2023 Summer Release, which launched on May 3. Airbnb has also introduced Airbnb Rooms, where people can rent out just a single room, which will drastically improve affordability -- the company says more than 80% of rooms are priced below $100 per night.