Airbnb Lifts Outlook, Lyft Beats Bookings; Western Digital, Peloton Weaken Ahead of Jobs Data
Airbnb raised its full-year revenue forecast on strong travel demand, while Lyft reported better-than-expected bookings. Western Digital and Peloton disappointed with guidance, as investors awaited the US employment report for Fed policy signals.
Airbnb raised its full-year revenue outlook, citing robust travel demand. The company sees continued strength in bookings, boosting confidence in its growth trajectory. Separately, Lyft posted better-than-expected bookings, driven by premium ride uptake and expansion in European markets.
On the downside, Western Digital shares fell after issuing disappointing guidance, dragging down its SanDisk brand. Peloton also lowered its revenue outlook, reflecting ongoing challenges in consumer demand for its connected fitness products.
Investors remain focused on Friday's US employment report, a key input for the Federal Reserve's next move on interest rates. The mixed corporate signals underscore uncertainty in both consumer spending and the broader economic outlook.
Source: First Squawk