This year, we're building the foundation for new products and services that we plan to launch in 2024 and beyond," the company said. For the second quarter, the company is guiding for revenue of $2.35 billion to $2.45 billion, which would be up 12% to 16% year-over-year. The company sees the second quarter as having unfavorable year-over-year comparisons for nights and experiences booked due to the overlap of pent-up demand in the second quarter of 2022 after the COVID omicron variant. Growth in nights and experiences in the second quarter is expected to be lower than revenue growth in the second quarter, Airbnb said. The company announced a new share buyback program of up to $2.5 billion on Tuesday. ABNB Price Action: Airbnb shares are down 10% to $114.25 in after-hours trading Tuesday. Read Next: 23 Year Old Entrepreneur Profits $750K A Year Renting Out Properties He Doesn't Even Own Photo courtesy of Airbnb.