Airbnb reported better-than-expected results on Tuesday and issued an optimistic forecast for the second quarter, citing a rebound in travel following the pandemic.

In after-hours trading, the stock rose more than 6%.

According to Refinity, the loss per share is 3 cents, compared to 29 cents expected by analysts, and revenue is $1.51 billion, compared to $1.45 billion expected.

Despite pandemic fears, “macroeconomic headwinds,” and the Ukraine conflict, revenue increased by 70% year on year in the first quarter, according to the company. Airbnb’s net loss shrank to $19 million from $1.2 billion in the previous quarter.

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