About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

Uber (UBER 0.44%) and Airbnb (ABNB -1.48%) both disrupted legacy industries with their streamlined digital platforms. Uber's ride-hailing platform challenged the traditional taxi business, while Airbnb simplified short-term rentals in a move to compete with hotels.When I compared these two disruptors in April 2022, I concluded that Airbnb's simpler business model and resistance to macroeconomic headwinds made it a better investment than Uber. But in the time since I made that call, Airbnb's stock has fallen ...

LONDON, ENGLAND - AUGUST 03: The Airbnb logo is displayed on a computer screen on August 3, 2016 in ... [+] London, England. (Photo by Carl Court/Getty Images)Getty ImagesVacation-sharing platform Airbnb stock (NASDAQ NDAQ : ABNB) had a solid run in 2023, rising by over 70% year-to-date. This compares to the Nasdaq-100, which has gained about 54% over the same period. People have continued to spend on travel, despite scaling back on other discretionary purchases amid rising interest rates and high inflation ...

Holiday travelers flooding into New York have no other option than to book a hotel room following the city’s clampdown on Airbnb this fall — pushing hotel room rates to new heights.According to Trivago’s Hotel Price Index, the average room is currently going for $529 per night — up nearly 20% from November, when the average nightly rate was $452 as tourists flocked into town for the Macy’s Thanksgiving Day Parade.The figure also marks a roughly 8% advance from last December, when nightly rates averaged $49 ...

Airbnb, Inc. (NASDAQ:ABNB) Q3 2023 Earnings Conference Call November 1, 2023 4:30 PM ET Company Participants Ellie Mertz - Vice President, Finance & Investor Relations Brian Chesky - Co-Founder & Chief Executive Officer David Stephenson - Chief Financial Officer Conference Call Participants Mark Mahaney - Evercore ISI Eric Sheridan - Goldman Sachs Brian Nowak - Morgan Stanley Lee Horowitz - Deutsche Bank Douglas Anmuth - JP Morgan Jed Kelly - Oppenheimer Nick Jones - JMP Securities Ron Josey - Citi Kevin Ko ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________ FORM 10-Q ______________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File Number: 001-39778 ______________ Airbnb, Inc. (Exact Name of Registrant as Specified in Its Ch ...

Airbnb, Inc. (NASDAQ:ABNB) Q2 2023 Earnings Conference Call August 4, 2023 4:30 PM ET Company Participants Ellie Mertz - VP, Finance & IR Brian Chesky - Co-Founder & CEO David Stephenson - CFO Conference Call Participants Mario Lu - Barclays Jed Kelly - Oppenheimer Douglas Anmuth - JP Morgan Stephen Ju - Crédit Suisse Bernard McTernan - Needham & Company Brian Nowak - Morgan Stanley James Lee – Mizuho Ken Gawrelski – Wells Fargo Securities Tom Champion - Piper Sandler Mark Mahaney - Evercore ISI Operator Go ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________ FORM 10-Q ______________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File Number: 001-39778 ______________ Airbnb, Inc. (Exact Name of Registrant as Specified in Its Charter ...

Financial Data and Key Metrics Changes - Airbnb reported a record high of over 120 million Nights and Experiences Booked in Q1 2023, with revenue increasing by 24% year-over-year [5] - Net income for Q1 was $117 million, marking the most profitable Q1 on a GAAP basis [5] - Free cash flow for the quarter was $1.6 billion, with a trailing 12-month free cash flow of $3.8 billion, representing a free cash flow margin of 44% [5] - The company repurchased $2 billion of its stock in the last 9 months and announced a new repurchase authorization for up to $2.5 billion [5] Business Line Data and Key Metrics Changes - Nights and Experiences Booked increased by 19% year-over-year in Q1 [6] - Long-term stays accounted for 18% of total gross nights booked in Q1 [7] - Supply growth accelerated to 18% year-over-year in Q1, up from 16% in Q4 [8] Market Data and Key Metrics Changes - Cross-border gross nights booked increased by 36% year-over-year in Q1, with Asia Pacific seeing over 40% growth [7] - International travel to Asia Pacific increased by 160% compared to the same period last year [7] - High-density urban nights booked increased by 20% year-over-year [7] Company Strategy and Development Direction - The company is focused on three strategic priorities: making hosting mainstream, perfecting core services, and expanding beyond the core [8][10] - Airbnb aims to increase awareness around hosting and provide better tools for hosts, with a goal of making hosting as popular as traveling [8] - The company is expanding its market presence in less mature markets, with successful initiatives in Germany and Brazil [11] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the recovery of international travel and the potential for growth in Asia Pacific and Latin America [36] - The company is addressing affordability concerns by increasing supply and introducing new pricing tools [41][45] - Management noted that the total price display feature is expected to drive demand towards listings with better overall value [44] Other Important Information - The 2023 Summer Release introduced over 50 new features and upgrades based on community feedback, including pricing tools and transparent checkout instructions [12][14] - Airbnb Rooms was launched as an affordable travel option, with an average price of $67 per night [14] Q&A Session Summary Question: Impact of Summer Release on supply growth and demand - Management is excited about Airbnb Rooms as it offers affordable travel options, which could attract new travelers [16] Question: AI opportunities for Airbnb - Management views AI as a significant opportunity to enhance the travel experience and improve customer service [20][25] Question: Marketing costs and ROI - Marketing costs are being front-loaded to maximize returns ahead of peak travel seasons [32] Question: Growth rates and supply-demand balance - Management emphasized the importance of maintaining a balance between supply and demand to keep prices affordable [41][43] Question: Competition and loyalty programs - Management believes that customer loyalty is driven by product satisfaction rather than traditional loyalty programs [63]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ______________ FORM 10-Q ______________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from_____ to _____ Commission File Number: 001-39778 ______________ Airbnb, Inc. (Exact Name of Registrant as Specified in Its Charte ...