爱彼迎(ABNB.US)发布优于预期的第三季度业绩展望，夏季旅游需求表现强劲，但警告称由于去年同期基数较高，今年晚些时候增速可能难以维持。财报显 示，公司第二季度预订夜数和座位总数增长7.4%，达到1.344亿。营收为31亿美元，高于预期的30.3亿美元。净利润为6.42亿美元，分析师预期为5.993亿美 元。 该公司表示，截至9月30日的季度，其关键指标——预订间夜量和体验人次增长率预计将较第二季度7.4%的水平保持"相对稳定"，这与华尔街预期的7%增幅 基本一致。 第三季度营收预计在40.2亿至41亿美元之间，中值亦超过分析师平均预期。爱彼迎在信中表示："展望第三季度，当前需求趋势令人鼓舞"，并指出7月北美 地区预订间夜量增速加快。 但公司预计本季度末至第四季度将面临更严峻的同比基数压力，"下半年增长率将承压"。去年下半年，随着游客最终兑现被推迟的旅行计划，爱彼迎业绩异 常强劲。 该股盘后下跌6.3%。爱彼迎同时宣布新的60亿美元股票回购计划，此前其二季度自由现金流超预期达10亿美元。 此次财报发布前，同业Booking Holdings刚给出平淡预期，警告经济不确定性加剧将抑制旅行需求。 爱彼迎称，二季 ...

Core Viewpoint - Airbnb is transitioning from a single accommodation booking platform to a comprehensive travel service provider, offering a variety of services and experiences beyond just lodging [2][3]. Group 1: Business Model Transformation - Airbnb's new strategy includes offering services such as private chefs, photography, massages, and unique experiences like learning volleyball from Olympic athletes and recording music with American singers [2][3]. - The company plans to launch these services in 260 cities globally, with most starting at prices below $50 [3]. - The "Airbnb Experiences" program has been upgraded to cover 650 cities, featuring activities like city tours, cooking classes, outdoor adventures, and fitness courses [4]. Group 2: Market Trends and Consumer Demand - There is a growing consumer demand for personalized and immersive travel experiences, challenging traditional travel service models [5]. - In China, 95% of respondents indicated they book experience projects while traveling, and 85% have traveled specifically for an experience or activity [6]. - The new services and experiences introduced by Airbnb align with consumer needs and market trends, enhancing the company's growth potential [6]. Group 3: Financial Performance - In Q1 2025, Airbnb reported total revenue of approximately $2.3 billion, a 6% year-over-year increase, while net profit decreased by 42% to about $154 million [6]. - Adjusted EBITDA for the same period was approximately $417 million, down 1.65% year-over-year [6]. - The company aims to continue investing in product innovation and market expansion to improve user experience and market share [6][7].