Hotels, Resorts and Cruise Lines

Airbnb

Conference Minutes

ABNB

Below is the FY26Q1 Airbnb earnings call Trans compiled by Dolphin Research. For our earnings review, see 'Airbnb: Near-term results look fine, but facing a midlife crisis?'.I. Core highlights recap. 1) Shareholder returns and capital actions: repurchased $1.1bn of common stock in Q1. Secured investment-grade ratings from major agencies, then issued $2.5bn of senior unsecured notes for debt repayment and general corporate purposes...

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ABNB (Trans): Also aiming to be an all-in travel portal?

Financial Analysis

Alt. stays leader Airbnb$Airbnb(ABNB.US) released FY26 Q1 results this morning (May 8). Overall, the quarter was solid, with most metrics slightly beating estimates. Growth metrics accelerated on FX tailwinds.Guidance for next quarter also came in above expectations. Specifically, growth appears to be accelerating but is essentially stable.On core KPIs, GBV rose 19% YoY, with a clear QoQ pickup. The increase was largely FX-driven. Ex-FX, underlying growth was 13%...

Barrick Mining

ABNB: Near-term results fine, but a midlife crisis?

The following is Dolphin Research's Trans of $Airbnb(ABNB.US) FY25 Q4 earnings call. For our earnings take, see 'Airbnb: Solid print, but now a cyclical?'.Key highlights: 1) Shareholder returns: $3.8B of buybacks for the year, using ~80% of FY FCF; total shares outstanding down 9% since 2022. 2) 2026 Q1 guide: a) revenue of $2.59B–$2.63B (+14%–16% YoY), incl. ~3% FX tailwind...

ABNB (Trans): Accelerating Boutique Hotel Onboarding & AI Dev.

Alt. lodging leader Airbnb$Airbnb(ABNB.US) reported Q3 FY2025 results this morning, with overall performance beating expectations. Contrary to prior guidance flagging a potential slowdown, bookings and revenue growth re-accelerated across the board, hitting a 25-year high.The main blemish was sharp opex expansion, with margins clearly compressing. Revenue rose, but profit lagged.1) Both nights and pricing increased, pointing to resilient travel demand. Versus the earlier cautious guide, actual booking momentum proved far sturdier. Gross booking value (GBV) grew 16% YoY...

ABNB: Solid results, but now a cyclical?

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ABNB 4Q25 First Take: Results came in ahead of expectations. Core operating metrics accelerated across the board, defying prior guidance for a slowdown and marking the year's strongest growth. The rub: opex expanded sharply, pressuring margins, though absolute profit still beat. Details:1) Core operating metrics were strong, with nights booked up 9.8%, the highest rate of the year vs. prior mid-single-digit guidance. The key driver was firmer-than-feared travel demand in the U.S. and Europe, with signs of acceleration.FX tailwinds and broad-based price increases lifted ADR by nearly 6%, also a YTD high. With both price and volume up, GBV rose 16% YoY, well above ~11% expected.2) On strong GBV, revenue grew 12%, topping the 9.4% estimate. However, the net take rate fell 50bps YoY, a larger decline than expected, so revenue growth trailed GBV. Management cited booking-to-stay timing shifts.3) A notable negative was opex expansion, with total operating expenses up nearly 25% YoY, far above the prior slightly-above-10% pace.By line, spend accelerated across the board, led by sales &amp; marketing +27% and G&amp;A up 60%+ off a low base. As a result, adj. EBITDA margin fell 260bps YoY, below expectations. Strong growth still drove profit above estimates.4) Guidance: revenue is expected to grow 14–16% next quarter, with a ~3ppt FX tailwind; on a const.-FX basis, the midpoint is 12%, ~1ppt faster than this quarter. Operationally, nights are guided to grow high single digits YoY, and ADR to continue rising on FX support.Overall, next quarter's growth outlook is solid. For FY2026, management guides revenue growth of at least 10%, while margin is expected to be flat YoY given reinvestment. $Airbnb(ABNB.US)

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The following are the Minutes of the Q3 2025 earnings call organized by Dolphin Research. For an interpretation of the financial report, please refer to &#34;Airbnb: Is it truly climbing out of the trough, or just a 'flash in the pan'?&#34; 1. Review of Core Financial Information This quarter, the total booking amount increased by 14% year-on-year to $22.9 billion, mainly driven by the increase in booking volume and average daily rates. The number of booked nights grew by 9% year-on-year, accelerating by 2 percentage points quarter-on-quarter, with the U.S. market performing particularly strongly. In the third quarter, the growth of booked nights in major regions remained stable or accelerated quarter-on-quarter: Latin America grew by approximately 20%...

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Airbnb (Minutes): Believes that the scale of alternative accommodations has at least room to double

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Alternative accommodation leader Airbnb$Airbnb(ABNB.US), on November 7th, after the U.S. stock market closed, announced its financial results for the third quarter of fiscal year 2025. Overall, although the monetization rate fell short of expectations, resulting in mixed financial metrics and continued issues with profit margin contraction, the more important operational indicators showed accelerated growth quarter-on-quarter. The guidance for GBV growth in the next quarter also exceeded expectations, suggesting that business growth may finally be rebounding. Specifically: 1. Business growth rebounding: Gross Booking Value (GBV) increased by 14% year-on-year...

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Airbnb: Is it truly climbing out of the trough, or is it just a 'last-ditch effort'?

Airbnb 3Q25 Quick Interpretation: Overall, the company's performance this quarter shows mixed financial indicators, with ongoing issues of profit margin contraction. However, operational metrics such as GBV and the growth rate of room night bookings have both accelerated significantly quarter-on-quarter. The guidance for GBV growth in the next quarter also exceeds expectations, suggesting that the company's business growth may finally be rebounding. Specifically: 1) The biggest highlight this quarter is that GBV increased by 13.9% year-on-year, significantly accelerating from the previous quarter and surpassing the market expectation of approximately 10.1%. The driving factor, more importantly, is the volume—room night bookings growth rate also improved to 8.8%, exceeding the market expectation of 7.7%. Although the improvement may seem modest, market expectations for the company were not optimistic before the earnings, making this an important directional turning point. 2) According to the company, the better-than-expected growth rate of room nights this quarter was mainly due to the largest market—the United States, not performing as poorly as anticipated. The company's growth rate this quarter was in the mid-single digits, slightly accelerating from the low-single digits of the previous quarter. Additionally, favorable exchange rates and changes in product mix led to a significant year-on-year increase of 4.7% in average spending per booking, contributing more to the better-than-expected GBV. 3) For the next quarter, the company expects GBV growth to remain above 10%, significantly exceeding the pre-earnings market expectation of 6.8%, indicating that the signs of growth improvement seen this quarter can continue. However, room night growth is expected to slow from nearly 9% this quarter to mid-single digits due to the high base from last year, which is roughly in line with market expectations. Therefore, the main contribution will still come from strong growth in average spending per booking. 4) On financial metrics, although GBV was significantly better than expected this quarter, the monetization rate was slightly lower than expected, contracting by 68 bps year-on-year, resulting in revenue and gross profit not being as good as expected. Fortunately, actual expenses were not as high as anticipated, growing by 10% year-on-year vs. the expected 13%. Therefore, the final profit performance was still in line with expectations. Adj. EBITDA grew by approximately 4.8% year-on-year this quarter (with the profit margin contracting year-on-year). However, due to expected higher expenses next quarter, the company guides that adj. EBITDA will decline year-on-year, which will be worse than this quarter. But this is also in line with pre-earnings market expectations.$Airbnb(ABNB.US)

Ho Chi Minh City Relaunches Short-term Rentals Under New Regulations, Owners Welcome Residents Worry

Madison Asset Management Reduces Airbnb Holdings

Airbnb Insider Sells Company Shares

Airbnb's Chief Strategy Officer Nathan Blecharczyk Sells Shares

Airbnb Announces Q1 2026 Earnings

CFRA Raises Airbnb's Stock Target Price to $150

Citigroup Raises Airbnb Target Price to $175

FactSet Raises Airbnb's 2026 EPS Estimate to $5.07

UBS Raises Airbnb's Target Price to $157

Airbnb Announces 60% of Code Written by AI in Earnings Call

US Bank Securities Maintains Airbnb's Hold Rating with Target Price of $150

Airbnb Receives Ratings from 35 Research Firms

TD COWEN Raises Airbnb Target Price to $170

JPMorgan Raises Airbnb's Target Price to $140

RBC Raises Airbnb Target Price to $173

Airbnb released FY2026 Q1 earnings on May 7 After-Market EST, actual revenue USD 2.678 B (forecast USD 2.619 B), actual EPS USD 0.26 (forecast USD 0.3027)

Airbnb expects Q2 revenue of $3.54B to $3.6B

Airbnb Sees Increase in Cancellation Rate in Q1 for Europe, Middle East, Africa and APAC Regions

Airbnb Forecasts Slight Slowdown in Q2 Growth with Middle East Conflict Impacting

Airbnb's Q1 Cancellation Rate Rises in EMEA and APAC Regions, Primarily Due to Middle East Conflicts

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Airbnb, Inc. (ABNB.US) Q2 2025 Earnings Conference Call

Airbnb, Inc. (ABNB.US) Q1 2025 Earnings Conference Call

Airbnb, Inc. (ABNB.US) Q4 2024 Earnings Conference Call

Airbnb, Inc. (ABNB.US) Q3 2024 Earnings Conference Call

This article compares Airbnb (NASDAQ:ABNB) with its competitors in the Hotels, Restaurants & Leisure industry, analyzing financial indicators and market positioning. Airbnb shows a high Price to Earnings ratio, indicating premium valuation, while its low Price to Book ratio suggests potential undervaluation. Despite lower Return on Equity and EBITDA, Airbnb's gross profit and revenue growth outperform industry averages. The company also has a favorable debt-to-equity ratio, indicating a strong financial position relative to peers.

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Airbnb Inc. Cl A (ABNB) shares rose 1.09% to $134.30 on Monday, outperforming a mixed stock market session. The Dow Jones increased by 0.32%, while the S&P 500 fell by 0.07%. Airbnb's stock remains 8.79% below its 52-week high of $147.25 reached on April 22nd, with trading volume matching its 50-day average at 3.6 million shares.

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Airbnb Inc. Cl A Stock Rises Monday, Outperforms Market

Airbnb CEO Brian Chesky reflected on the emotional aftermath of the company's $100 billion IPO, expressing feelings of sadness despite the milestone. He emphasized the importance of human connection over fame and fortune, sharing advice from Barack Obama about nurturing friendships to combat loneliness. Chesky acknowledged that his motivations have shifted towards intrinsic fulfillment rather than external validation.

Airbnb CEO Brian Chesky Recalled 'Sadness' After $100 Billion IPO — Says Obama Gave Him Advice On Loneliness

HCM City has reopened short-term apartment rentals under a new regulatory framework, allowing owners to offer services through platforms like Airbnb. This decision aims to revive the accommodation market after a year of restrictions but raises concerns about security and residents' rights. While property owners welcome the change, residents fear it may disrupt their living environment. Experts emphasize the need for clear regulations to balance investor interests and resident concerns, highlighting the importance of effective enforcement for long-term success.

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Airbnb Inc. Cl A (ABNB) shares fell 1.85% to $132.97 on Wednesday, marking the third consecutive day of losses. This decline occurred during a mixed trading session, with the S&P 500 rising 0.58% and the Dow Jones Industrial Average dropping 0.14%. The stock is currently 9.70% below its 52-week high of $147.25 reached on April 22nd. Trading volume was 3.4 million, which is below the 50-day average of 3.7 million.

Airbnb Inc. Cl A Stock Falls Wednesday, Underperforms Market

Madison Asset Management LLC reduced its stake in Airbnb, Inc. (NASDAQ:ABNB) by 9.8% in Q4, now holding 362,323 shares valued at $49.2 million. Other investors have also adjusted their positions, with notable increases from Intech Investment Management and NewEdge Advisors. Airbnb's stock opened at $135.48, with a market cap of $82.47 billion. The company reported Q1 earnings of $0.26 per share, missing estimates, but revenue grew 17.9% year-over-year. Analysts forecast an EPS of 4.91 for the current fiscal year, while regulatory risks and insider selling raise concerns about future performance.

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Airbnb, Inc. $ABNB Shares Sold by Madison Asset Management LLC

Airbnb insider Nathan Blecharczyk sold 627 shares of stock for $91,335.09 on May 11, reducing his ownership by 5%. Following the sale, he holds 11,920 shares valued at $1.74 million. The stock price fell 1.1% to $135.48, with a 12-month range of $110.81 to $147.25. Recent earnings showed a $0.26 EPS, missing estimates, but revenue increased 17.9% year-over-year. Analysts maintain a consensus rating of "Moderate Buy" with a price target of $157.67. Institutional investors have also adjusted their stakes in the company.

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Airbnb (NASDAQ:ABNB) Insider Sells $91,335.09 in Stock

Airbnb Inc. Cl A (ABNB) shares fell 1.15% to $135.48 on Tuesday, marking the second consecutive day of losses. The stock underperformed against a mixed market, with the Dow Jones up 0.11% and the S&P 500 down 0.16%. Currently, Airbnb's stock is 7.99% below its 52-week high of $147.25 reached on April 22nd, with trading volume at 4.2 million, surpassing the 50-day average of 3.7 million.

Airbnb Inc. Cl A Stock Falls Tuesday, Underperforms Market

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