格隆汇11月7日｜派珀·桑德勒将爱彼迎评级从"减持"上调至"中性"，将目标价从190美元上调至250美 元。 ...

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Core Insights - Airbnb (ABNB.US) shares rose over 5.3% to $127 following the release of its Q3 earnings report [1] Financial Performance - Q3 revenue increased by 10% year-over-year to $4.1 billion, slightly above market expectations of $4.08 billion [1] - Adjusted EBITDA was $2.1 billion, exceeding forecasts [1] - Earnings per share (EPS) was $2.21, which fell short of market expectations of $2.31 [1] Booking Metrics - Total nights booked and seats increased by 8.8% year-over-year to 133.6 million [1] - Total booking value rose by 14% year-over-year to $22.9 billion, surpassing market expectations of $21.93 billion [1] Future Guidance - The company expects an adjusted profit margin of approximately 35% for the full year, up from the previous guidance of at least 34.5% [1] - Key metrics for booked nights and seats are projected to grow in the mid-single digits year-over-year [1]

新 3 社 主管主办 上海灣券報 1 N中国证券网 Robinhood跌近11%，创3月份以来最差单日表现。 特斯拉6日跌超3%。消息面上，特斯拉股东大会在美国得州举行，特斯拉股东批准马斯克的1万亿美元薪酬计划。 2025 11/ 市场回顾 "黑色星期四"，美股三大指数 美股遭遇 集体下挫 个股资讯 微软连续七个交易日下跌，创2022年以来 最长连跌天数 Robinhood跌近11%，创3月份以来最差 单日表现 马斯克1万亿美元薪酬计划获批 国际宏观 英国央行宣布维持利率不变 美联储12月降息25个基点的概率为70.6% 【市场回顾】 北京时间11月7日，日本股市低开。日经225指数小幅下跌0.71%。 美股三大指数集体下挫。截至收盘，道指跌0.84%，报46912.30点；纳指跌1.90%，报23053.99点；标普500指数跌1.12%，报6720.32点。 热门中概股涨跌不一，纳斯达克中国金龙指数跌0.03%。 【个股资讯】 当地时间周四，微软收跌超1%，连续七个交易日下跌，创2022年以来最长连跌天数。 爱彼迎盘后一度涨约5%。公司三季度营收41亿美元，分析师预期40.8亿美元；三季度调整后EBITD ...

For the quarter ended September 2025, Airbnb, Inc. (ABNB) reported revenue of $4.1 billion, up 9.7% over the same period last year. EPS came in at $2.21, compared to $2.13 in the year-ago quarter.The reported revenue represents a surprise of +0.25% over the Zacks Consensus Estimate of $4.08 billion. With the consensus EPS estimate being $2.29, the EPS surprise was -3.49%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine the ...

Core Insights - Airbnb, Inc. reported quarterly earnings of $2.21 per share, missing the Zacks Consensus Estimate of $2.29 per share, but showing an increase from $2.13 per share a year ago, resulting in an earnings surprise of -3.49% [1] - The company posted revenues of $4.1 billion for the quarter ended September 2025, surpassing the Zacks Consensus Estimate by 0.25% and increasing from $3.73 billion year-over-year [2] - Airbnb shares have underperformed the market, losing about 6.8% since the beginning of the year compared to the S&P 500's gain of 15.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.67 on revenues of $2.67 billion, and for the current fiscal year, it is $4.23 on revenues of $12.13 billion [7] - The estimate revisions trend for Airbnb was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Industry Context - The Leisure and Recreation Services industry, to which Airbnb belongs, is currently in the top 28% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]

Airbnb (NasdaqGS:ABNB) Q3 2025 Earnings Call November 06, 2025 05:00 PM ET Company ParticipantsDouglas Anmuth - Head of US Internet Equity ResearchRon Josey - Managing DirectorJed Kelly - Equity ResearchColin Sebastian - Managing Director covering Internet, E-commerce, Digital Media and MarketplacesLee Horowitz - Co-Head Internet Equity ResearchRichard Clarke - Managing DirectorAngela Yang - Director of Investor RelationsKevin Kopelman - Hotels and Online Travel Equity ResearchEric Sheridan - Partner and Ma ...

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $4.1 billion, representing a 10% year-over-year increase [19] - Adjusted EBITDA reached over $2 billion, marking the highest quarterly figure ever, with a 50% EBITDA margin [19] - Gross booking value (GBV) grew 14% year-over-year to $22.9 billion, driven by strong growth in both bookings and pricing [18] - Net income was $1.4 billion, with earnings per share (EPS) of $2.21, reflecting a 4% year-over-year growth [19] - Free cash flow for Q3 was $1.3 billion, contributing to a total of $4.5 billion over the past 12 months, resulting in a free cash flow margin of 38% [20] Business Line Data and Key Metrics Changes - Nights and seats booked increased by 9% year-over-year, with a two-point sequential acceleration from Q2 [18] - International expansion markets saw average nights booked grow at double the rate of core markets, with first-time bookers up over 20% in Japan and nearly 50% in India [8][9] - Service and experiences received an average rating of 4.3 out of 5 stars, with nearly half of experience bookers not having an associated Airbnb stay [9][10] Market Data and Key Metrics Changes - Nights growth across major regions remained steady or accelerated, with Latin America growing in the low 20s and Asia-Pacific in the mid-teens [18] - The U.S. market showed significant acceleration, partly due to the launch of the Reserve Now, Pay Later payment offering [18] Company Strategy and Development Direction - The company is focusing on four key growth areas: improving service quality, expanding globally, diversifying offerings, and integrating AI into the app [5][12] - The launch of hotels on the platform aims to fill gaps in supply-constrained markets, with a focus on boutique and independent hotels [11][54] - The integration of AI is seen as a major transformation, with plans for smarter customer support and personalized search experiences [12][77] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in continued momentum into Q4, expecting revenue growth of 7%-10% year-over-year [21] - The company anticipates a sequential acceleration in growth from Q3 to Q4, despite tougher year-over-year comparisons [22] - Management emphasized the importance of maintaining strong margins while investing in growth initiatives for 2026 [22] Other Important Information - The company repurchased $857 million of common stock during the quarter, with a total of over $3.5 billion repurchased in the trailing 12 months [20] - A one-time $213 million valuation allowance impacted net income due to changes in tax legislation [19] Q&A Session Summary Question: What percentage of the acceleration in the U.S. has come from the Reserve Now, Pay Later offering? - About 70% of those offered the Reserve Now, Pay Later option accepted it, and while there are increased cancellations, the net impact is a lift to net bookings [25][26] Question: How should investors think about the duration of execution and investment needed for international market expansion? - Each market takes a different timeline, with significant market share gains seen in Latin America and promising progress in Japan [30][32] Question: Is the events and experiences segment contributing to revenue, and what are the retention signs? - Experiences are bringing new audiences to Airbnb, with about half of experience bookers not having an associated stay [36][38] Question: How should hotels be layered on in markets where Airbnb is shut out? - Hotels are seen as a promising opportunity, with pilots underway in key markets, and the company believes there is significant demand for hotels on the platform [46][50] Question: What are the long-term ambitions for hotel merchandising and booking experience? - The company envisions becoming a one-stop shop for travel, with a focus on boutique and independent hotels, and plans to expand offerings based on customer intent [54][56] Question: What can be expected regarding AI-powered search and milestones for service experiences? - The AI strategy includes testing natural language input for search and aims to integrate AI across the app for a seamless user experience [74][77]

Financial Data and Key Metrics Changes - Revenue for Q3 2025 was $4.1 billion, representing a 10% year-over-year increase [18] - Adjusted EBITDA reached $2.1 billion, with a 50% EBITDA margin, marking the highest quarterly EBITDA ever [17][18] - Gross booking value (GBV) grew 14% year-over-year to $22.9 billion, driven by strong growth in both bookings and pricing [17][18] - Net income was $1.4 billion, with earnings per share (EPS) of $2.21, reflecting a 4% year-over-year growth [18] Business Line Data and Key Metrics Changes - Nights and seats booked increased by 9% year-over-year, showing a two-point sequential acceleration from Q2 [17] - The introduction of the Reserve Now, Pay Later payment option significantly contributed to the growth in the U.S. market [17][25] - Service and experiences launched in May received an average rating of 4.3 out of 5 stars, indicating strong customer satisfaction [9] Market Data and Key Metrics Changes - Average nights booked in expansion markets grew at double the rate of core markets over the past 12 months [8] - First-time bookers increased by over 20% in Japan and nearly 50% in India year-over-year [8] - Nights growth across major regions remained steady or accelerated, with Latin America growing in the low 20s and Asia-Pacific in the mid-teens [17] Company Strategy and Development Direction - The company is focusing on four key growth areas: improving service quality, expanding globally, diversifying offerings, and integrating AI into the app [4][8] - The launch of hotels on the platform aims to fill gaps in supply-constrained markets, with a focus on boutique and independent hotels [11][44] - The integration of AI is expected to enhance personalization and user experience, with plans for AI-powered search and customer support [12][70] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about continued momentum in bookings, particularly due to the Reserve Now, Pay Later offering [20] - The company anticipates revenue growth of 7%-10% in Q4 2025, despite tougher year-over-year comparisons [20] - Management highlighted the importance of maintaining strong margins while investing in growth initiatives for 2026 [21] Other Important Information - The company repurchased $857 million of common stock during the quarter, with a total of over $3.5 billion repurchased in the trailing 12 months [19] - A one-time $213 million valuation allowance impacted net income due to changes in tax legislation [18] Q&A Session Summary Question: What percentage of the acceleration in the U.S. has come from the Reserve Now, Pay Later offering? - Approximately 70% of users offered the Reserve Now, Pay Later option have utilized it, contributing to increased bookings despite some rise in cancellations [25][26] Question: How should investors think about the duration of execution and investment needed for international market expansion? - The company has been selective in market expansion, with different timelines for each market, and is seeing success in targeted regions like Latin America and Japan [28][30] Question: What is the contribution of experiences and services, and are they helping with overall platform velocity? - Experiences are attracting new users, with about half of those booking experiences not having an associated home stay, indicating potential for future growth [33][34] Question: How does the company view the long-term scope of hotel offerings? - Hotels are seen as a promising opportunity, with the potential to complement the existing home rental business without significant cannibalization [39][43] Question: What are the incremental investment plans for 2026? - The company plans to continue investing in new business initiatives, including hotels and AI integration, while maintaining a focus on profitability [52][56]

Airbnb, Inc. (NASDAQ:ABNB) shares climbed after the company released a mixed third-quarter earnings report after Thursday's closing bell. Here's a look at the details in the report. ABNB stock is moving. See the real-time price action here.The Details: Airbnb reported quarterly earnings of $2.21 per share, which missed the consensus estimate of $2.32.Quarterly revenue came in at $4.09 billion, which beat the Street estimate of $4.07 billion.Read Next: Michael Burry Is Super-Bearish On Palantir — With 5 Mill ...