爱彼迎股价盘前跌超7%，预计下半年增长率将承压

Group 1 - Airbnb reported total revenue of approximately $3.1 billion for Q2 2025, a year-over-year increase of 13% [2] - The net profit for the same period was approximately $642 million, reflecting a 16% year-over-year growth, with a net profit margin of 21% [2] - Adjusted EBITDA for Q2 was about $1 billion, showing a 17% increase compared to the previous year [2] Group 2 - The number of bookings for accommodations and experiences reached 134 million in Q2, a 7% year-over-year increase, with total booking value at $23.5 billion, up 11% [2] - Emerging international markets have shown strong growth, with booking volumes in these markets increasing for six consecutive quarters [2] - Airbnb launched new services and experiences in May, which have started to show positive market recognition and user feedback, indicating potential for long-term sustainable growth [2] Group 3 - Total costs and expenses for Q2 increased by 10.35% to $2.484 billion, with product development costs rising by 17.53% to $610 million and sales and marketing expenses increasing by 21% to $118 million [2] - In Q2, Airbnb repurchased $1 billion of Class A common stock, bringing the total repurchase amount over the past 12 months to $3.7 billion [3] - As of June 30, 2025, Airbnb has up to $1.5 billion remaining under its current stock repurchase plan and announced a new authorization for up to $6 billion in Class A common stock repurchases [3] Group 4 - For Q3, Airbnb expects revenue to be between $4.02 billion and $4.1 billion, but anticipates growth pressure in the second half of the year due to high base effects from the previous year [3]