Airbnb stock slides 12% as execs warn of a potential booking slowdown in the second quarter

• Airbnb shares fell 12 Wednesday after it reported earnings.
• The company broadly beat Wall Street's expectations but warned of a tougher second quarter.
• Execs said comparisons would be difficult given last year's build-up of post-COVID demand.

Airbnb shares plungedWednesday after the company warned of a potential slowdown in bookings over the second quarter.

The stock fell 12% to trade at just over $111 shortly after the opening bell, as investors digested the company's latest earnings report, published after-hours Tuesday.

Airbnb posted first-quarter earnings-per-share of 18 cents and revenue of $1.82 billion, beating the 9 cents per share and $1.79 billion targets set by Wall Street analysts, according to Refinitiv.