- In addition to missing Q1 estimates, HomeAway (NYSEARCA:AWAY) is guiding for Q2 revenue of $122M-$124M (+7-9% Y/Y, below a $129.6M consensus) and full-year revenue of $493M-$500M (+10-12% Y/Y, below a $513.2M consensus and prior guidance of $510M-$520M). Also: Full-year adjusted EBITDA guidance has been cut to $119M-$123M from $122M-$130M.
- The vacation rentals platform blames a strong dollar (expected to have a $40M 2015 revenue impact) and "lowered expectations for our European subscription business." The numbers could raise fresh questions about Airbnb's impact.
- Shares have dived to $28.30 AH. The 52-week low is $25.13.
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Q1 results, PR