Financial Data and Key Metrics Changes - Airbnb reported Q2 revenue of $3.1 billion, a 13% year-over-year increase, with adjusted EBITDA of $1 billion, representing a 34% margin, up from 32.5% last year [15][16] - Net income reached $642 million, with EPS of $1.3, reflecting a 1620% growth [16] - Nights and seats booked totaled 134 million, up 7% year-over-year, with significant growth in May and June [14][15] Business Line Data and Key Metrics Changes - The company made progress in its three strategic priorities: perfecting core services, accelerating growth in global markets, and expanding beyond stays [6][21] - The launch of Airbnb services and reimagined experiences generated over 13,000 press stories and nearly 660 million social media impressions [11] - The average guest rating for services and experiences since launch is 4.93 stars, outperforming the 4.8 average rating for homes [12] Market Data and Key Metrics Changes - Latin America grew in the high teens, Asia Pacific in the mid-teens, EMEA in the middle single digits, and North America in the low single digits [15] - Japanese travelers booked more nights in Q2 compared to Q1, driven by a 15% year-over-year increase in first-time bookers [7] - The company is seeing strong growth in expansion markets, which have grown at twice the rate of core markets for six consecutive quarters [7] Company Strategy and Development Direction - Airbnb aims to perfect its core service, accelerate growth in global markets, and expand its business beyond stays [6][21] - The company is focusing on partnerships with major events like the Tour de France and FIFA World Cup to enhance brand awareness and grow supply [8][9] - The strategy includes significant investments in new businesses, with approximately $200 million earmarked for 2025 [20][105] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about current demand trends, particularly in the U.S., but acknowledged tougher year-over-year comparisons towards the end of Q3 and into Q4 [18][19] - The company expects Q3 revenue to be between $4.02 billion and $4.1 billion, representing year-over-year growth of 8% to 10% [18] - Management believes there is significant room for growth in the U.S. market, which remains heavily hotel-dominated [77][78] Other Important Information - Airbnb has a strong balance sheet with $11.4 billion in corporate cash and investments, allowing for a new share repurchase program of up to $6 billion [16][17] - The company has reduced its fully diluted share count by 8% since introducing its share repurchase program in 2022 [17] Q&A Session Summary Question: What is the attach rate for Airbnb experiences? - Management is optimistic about the attach rate for experiences, noting that awareness has significantly increased since the launch, with a focus on improving supply and entry points [23][25][26] Question: What headwinds are expected in Q3 from events like the Paris Olympics? - Management indicated that while Q3 may face tougher year-over-year comparisons, the overall growth trend remains positive, particularly in expansion markets [33][36] Question: How is Airbnb approaching marketing for services and experiences? - The company plans to market its entire offering as a bundled service, shifting focus from traditional advertising to social media, which is becoming a key channel for travel search [41][44][46] Question: How is Airbnb managing the quality of experiences? - Airbnb vets every experience before it is listed, resulting in higher average ratings for experiences compared to homes, indicating a strong focus on quality [52][53] Question: Is Airbnb considering acquisitions to accelerate growth? - Management is open to acquisitions but has primarily focused on organic growth; however, they are now better positioned to consider acquisitions due to a rebuilt tech platform [58][59] Question: What are the key priorities for accelerating growth in the U.S.? - Key priorities include improving usability, enhancing pricing competitiveness, and increasing supply in constrained markets [116][118]

Group 1: Financial Performance - Airbnb reported a 13% increase in revenue, reaching $2.75 billion in the second quarter, with net income of $642 million or $1.03 per share, up from $555 million or 86 cents per share a year earlier [1][6] - The company expects third-quarter revenue to be between $4.02 billion and $4.10 billion, with a midpoint estimate of $4.06 billion, slightly above analysts' expectations of $4.05 billion [2] - Gross booking value for the second quarter totaled $23.5 billion, exceeding the $22.66 billion expected by analysts [4] Group 2: Market Trends and Demand - Despite global economic uncertainty, travel demand increased, with nights booked on Airbnb rising to 134.4 million, a 7% increase from the previous year, surpassing the expected 133.35 million [3] - The company noted strong performance in the second quarter, even amidst a volatile macroeconomic environment influenced by U.S. trade policies [2] Group 3: Shareholder Actions - Airbnb announced a new share repurchase program of up to $6 billion for Class A common stock, having repurchased $1 billion during the second quarter [5] - The company had prior authorization to purchase an additional $1.5 billion as of June 30 [5]

Financial Performance - Revenue for Q2 2025 increased by 13% to $3.1 billion compared to Q2 2024, driven by higher check-ins and a shift in Easter timing [150]. - Net income for Q2 2025 rose by 16% to $642 million, primarily due to revenue growth, slightly offset by lower interest income [151]. - Nights and Seats Booked increased by 7% to 134 million in Q2 2025, and by 8% to 277 million for the first half of 2025 compared to the same periods in 2024 [158]. - Gross Booking Value (GBV) grew by 11% to $23.4 billion in Q2 2025, and by 9% to $48.0 billion for the first half of 2025 compared to the same periods in 2024 [158]. - Revenue for the three months ended June 30, 2025, increased by $348 million, or 13%, compared to the same period in 2024, primarily due to an increase in check-ins and a slight increase in ADR [174]. - The company experienced a 10% revenue increase for the six months ended June 30, 2025, amounting to $5,368 million compared to $4,890 million in the same period in 2024 [175]. Cash Flow and Expenses - Free Cash Flow for Q2 2025 was $962 million, with a Free Cash Flow Margin of 31%, compared to $1.0 billion and 38% in Q2 2024 [164]. - Cash provided by operating activities was $975 million in Q2 2025, down from $1.051 billion in Q2 2024 [164]. - Free Cash Flow for the three months ended June 30, 2025, was $962 million, with a Free Cash Flow Margin of 31%, down from 38% in the same period in 2024 [167]. - Net cash provided by operating activities for the six months ended June 30, 2025, was $2.8 billion, primarily due to net income of $796 million and unearned fees of $1.2 billion [210]. Share Repurchase and Capital Management - The company repurchased 8.1 million shares of Class A common stock for $1.0 billion, leaving $1.5 billion available for future repurchases [152]. - The company repurchased 8.1 million shares of Class A common stock for $1.0 billion during the three months ended June 30, 2025, and 14.2 million shares for $1.8 billion during the six months ended June 30, 2025 [208]. - The company signed a new enterprise agreement for cloud hosting services with a commitment of at least $1.9 billion through 2031 [207]. - Future capital requirements will depend on growth, headcount, and customer retention on the platform [215]. - The company may seek additional capital or incur more debt to fund strategic initiatives [215]. - Long-term funding will rely on access to capital markets or credit facilities [215]. - If unable to raise additional capital at reasonable rates, the company's financial condition could be adversely affected [215]. Operating Expenses - Cost of revenue for the three months ended June 30, 2025, increased by $38 million, or 8%, primarily due to an increase in merchant fees [177]. - Product development expenses for the three months ended June 30, 2025, increased by $91 million, or 18%, primarily due to an increase in payroll-related expenses [183]. - Total costs and expenses for the six months ended June 30, 2025, were $4,718 million, an increase of 10% compared to $4,292 million in the same period in 2024 [172]. - The company’s operations and support expenses for the three months ended June 30, 2025, decreased by $6 million, or 2%, compared to the same period in 2024 [180]. - Sales and marketing expenses increased by $118 million, or 21%, for the three months ended June 30, 2025, primarily due to a $50 million increase in marketing activities related to a product launch [187]. - For the six months ended June 30, 2025, sales and marketing expenses rose by $167 million, or 15%, driven by a $53 million increase in marketing activities and a $49 million increase in third-party service provider expenses [188]. - General and administrative expenses decreased by $8 million, or 3%, for the three months ended June 30, 2025, mainly due to a $34 million decrease in non-income taxes [190]. Interest Income and Taxation - Interest income for the three months ended June 30, 2025, decreased by 16% to $190 million from $226 million in the same period in 2024 [171]. - Interest income decreased by $36 million, or 16%, for the three months ended June 30, 2025, attributed to lower interest rates [193]. - Provision for income taxes increased by $11 million, or 9%, for the three months ended June 30, 2025, primarily due to decreased excess tax benefits on stock-based compensation [198]. Financial Condition and Accounting - Macroeconomic conditions, including inflation and interest rates, have not materially impacted the company's financial performance to date, but future impacts remain uncertain [153]. - Financial condition analysis is based on unaudited condensed consolidated financial statements prepared in accordance with U.S. GAAP [216]. - Estimates and assumptions affect reported amounts of assets, liabilities, revenues, costs, and expenses [216]. - Actual results may differ from estimates under different assumptions or conditions [216]. - Recent accounting pronouncements are detailed in the Summary of Significant Accounting Policies [217].

SAN FRANCISCO, Aug. 6, 2025 /PRNewswire/ -- Airbnb, Inc. (NASDAQ: ABNB) has posted a shareholder letter containing its second quarter 2025 financial results on its Investor Relations website at https://investors.airbnb.com.Airbnb will host an audio webcast to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET today. The link to the webcast will be made available on the Investor Relations website at https://investors.airbnb.com.Interested parties can register for the call in advance by visiting https://regis ...

Exhibit 99.1 Q2 2025 $3.1B Key Financial Revenue Measures 13% Y/Y 13% Y/Y (ex-FX) $642M Net Income 21% Net income margin $1.0B Adjusted EBITDA* 34% Adjusted EBITDA Margin $1.0B Free Cash Flow ("FCF")* 31% FCF Margin $4.3B TTM Trailing Twelve Month ("TTM") FCF* 37% TTM FCF Margin $23.5B Key Business Gross Booking Value ("GBV") Metrics 11% Y/Y 9% Y/Y (ex-FX) 134.4M Nights and Seats Booked 7% Y/Y *A reconciliation of non-GAAP financial measures to the most comparable GAAP measures is provided at the end of thi ...

Core Viewpoint - Airbnb is set to report its fourth quarter earnings, with expectations of strong performance driven by growth factors including AI [2][3] Earnings Expectations - The company is anticipated to report earnings of $0.93 per share on revenue of $3.03 billion, with a Whisper number of $0.97 per share [3] Financial Performance - Airbnb turned profitable in 2022 with earnings of $2.79, which grew to $4.27 in 2023, but fell to $4.11 in 2024; earnings are projected to rise to $4.20 in 2025 and $4.83 in 2026 [4] - The price-to-earnings (P/E) ratio stands at 33, which is 1.4 times that of the S&P 500 [4] Technical Analysis - The stock is currently trading near its IPO price from 2020 and below its 50 and 200-day moving averages, indicating pressure on the stock [6] - A gap up in stock price post-earnings could suggest bullish trends, while a gap down may indicate continued pressure [6] Company Overview - Airbnb operates a platform connecting hosts and guests for stays and experiences, with over 8 million active listings and 5 million hosts globally [7][9] - The company has generated $11 billion in revenue and over $2.5 billion in earnings, showcasing significant growth and market disruption [8][9]

Group 1 - Airbnb is set to release its Q2 earnings results on August 6, with expected earnings of 94 cents per share, an increase from 86 cents per share in the same period last year [1] - The projected quarterly revenue for Airbnb is $3.03 billion, compared to $2.75 billion a year earlier, indicating a significant growth [1] - In Q1, Airbnb reported a revenue increase of 6% year-over-year to $2.27 billion, surpassing analyst estimates of $2.26 billion [2] Group 2 - UBS analyst Stephen Ju maintained a Neutral rating and raised the price target from $137 to $156 [4] - Morgan Stanley analyst Brian Nowak kept an Underweight rating while increasing the price target from $125 to $130 [4] - Wells Fargo analyst Ken Gawrelski also maintained an Underweight rating and raised the price target from $104 to $111 [4]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Core Insights - Airbnb (ABNB) is set to release its second-quarter 2025 results on August 6, with expected revenues between $2.99 billion and $3.05 billion, indicating a year-over-year growth of 9-11% [1][9] - The Zacks Consensus Estimate for second-quarter revenues stands at $3.04 billion, reflecting a growth of 10.45% year over year [1][2] Revenue and Earnings Expectations - The consensus estimate for earnings is currently at 93 cents per share, revised upward by a penny in the last 30 days, representing an 8.14% increase from the previous year's quarter [2] - Airbnb has a mixed earnings surprise history, missing the Zacks Consensus Estimate in three of the last four quarters and beating it once, with an average surprise of 3.38% [2] Factors Influencing Q2 Performance - The favorable timing of Easter in April is expected to have contributed approximately 2 percentage points to revenue growth, alongside an increase in Nights and Experiences, particularly driven by high demand in Latin America [3][9] - However, softness in the U.S. market is anticipated to result in flat year-over-year growth in Average Daily Rate due to broader economic uncertainties [4] Currency and Market Dynamics - Easing foreign exchange headwinds, particularly the weakening of the U.S. dollar against the euro, is likely to have provided a slight positive impact on revenues, although ongoing currency pressures in Latin America may limit this effect [5] - The rollout of new features and updates, such as Guest Favorites, has led to over 350 million nights booked by May, positively impacting Q2 performance [6] Financial Metrics - Adjusted EBITDA is expected to have increased year over year, but its margin is projected to be flat to slightly down due to faster growth in marketing expenses related to new initiatives [7] - A modest positive impact on revenues is anticipated from the Summer Release event held on May 13 [7] Earnings Prediction Model - According to the Zacks model, the combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a moderate likelihood of an earnings beat [8][10]

When a company consistently hits its targets, what happens when expectations are set even higher? As Airbnb Inc ABNB prepares to reveal its second-quarter results, analysts are quietly optimistic about a surprise performance that could sway investors' views. Airbnb is likely to post "a modest beat" in its second-quarter results, given third-party data and stable nights growth reported by Booking Holdings Inc BKNG, according to BofA Securities. The Airbnb Analyst: Analyst Justin Post reaffirmed a Neutral rat ...