Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to €158, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 15x in the Hospitality industry in Europe. Total returns to shareholders of 34% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €266 per share. Reported Earnings • Aug 07
Second quarter 2026 earnings released: EPS: US$1.38 (vs US$1.04 in 2Q 2025) Second quarter 2026 results: EPS: US$1.38 (up from US$1.04 in 2Q 2025). Revenue: US$3.61b (up 17% from 2Q 2025). Net income: US$816.0m (up 27% from 2Q 2025). Profit margin: 23% (up from 21% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. Recent Insider Transactions • Jul 30
Co-Founder & Director recently sold €277m worth of stock On the 28th of July, Joseph Gebbia sold around 2m shares on-market at roughly €132 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Joseph has been a net seller over the last 12 months, reducing personal holdings by €284m. Duyuru • Jul 10
Airbnb, Inc. to Report Q2, 2026 Results on Aug 06, 2026 Airbnb, Inc. announced that they will report Q2, 2026 results After-Market on Aug 06, 2026 Duyuru • Jun 12
Airbnb, Inc. Elects Alfred Lin as Members of the Board of Directors as Class III Directors Airbnb, Inc. in its 2026 Annual Meeting of Stockholders held on June 5, 2026 elected Alfred Lin as members of the Company’s board of directors as Class III directors for a three-year term. Recent Insider Transactions • May 31
Co-Founder recently sold €56m worth of stock On the 28th of May, Brian Chesky sold around 495k shares on-market at roughly €114 per share. This transaction amounted to 12% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Brian has been a net seller over the last 12 months, reducing personal holdings by €58m. Recent Insider Transactions • May 08
Co-Founder & Director recently sold €7.0m worth of stock On the 4th of May, Joseph Gebbia sold around 58k shares on-market at roughly €120 per share. This transaction amounted to 52% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Joseph's only on-market trade for the last 12 months. Duyuru • Apr 27
Airbnb, Inc., Annual General Meeting, Jun 05, 2026 Airbnb, Inc., Annual General Meeting, Jun 05, 2026. Duyuru • Apr 10
Airbnb, Inc. to Report Q1, 2026 Results on May 07, 2026 Airbnb, Inc. announced that they will report Q1, 2026 results After-Market on May 07, 2026 Duyuru • Mar 11
Airbnb Announces Management Changes Airbnb announced on March 10, 2026 that it appointed Gus Fuldner, who led a global safety team at Uber, as Airbnb’s new head of global operations. He begins the new role on March 16, 2026. Fuldner replaces Tara Bunch, who Airbnb said is retiring after six years. Fuldner exited Uber last month, although he announced in December that he would be leaving after a dozen years at the rideshare company. His title at Uber was SVP of Core Services, which included safety, support, payments, insurance and identity. It’s an interesting moment for Airbnb to hire an executive with rideshare experience because Airbnb is testing ground transport services in many parts of the world in a quest to claim more of the “entire trip.” Over the last year, Airbnb has expanded its hotel business, relaunched Experiences and launched Services. At Airbnb, Fuldner will head community support, which includes host relations; fraud and safety operations, and AirCover insurance. Reported Earnings • Feb 13
Full year 2025 earnings released Full year 2025 results: Revenue: US$12.2b (up 10% from FY 2024). Net income: US$2.51b (down 5.2% from FY 2024). Profit margin: 21% (down from 24% in FY 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year. Duyuru • Jan 30
Airbnb, Inc. to Report Q4, 2025 Results on Feb 12, 2026 Airbnb, Inc. announced that they will report Q4, 2025 results After-Market on Feb 12, 2026 Duyuru • Dec 11
Expedia Group, Inc. (NasdaqGS:EXPE) agreed to acquire Tiqets International B.V. Expedia Group, Inc. (NasdaqGS:EXPE) agreed to acquire Tiqets International B.V. on December 10, 2025.
The transaction, which remains subject to Works Council advice and other customary closing conditions, is expected to close in the first quarter of 2026. Duyuru • Nov 22
Airbnb, Inc. Announces Departure of Aristotle Balogh as Chief Technology Officer in December 2025 On November 18, 2025, Aristotle Balogh notified Airbnb, Inc. (the Company) that he will depart from his role as Chief Technology Officer of the Company in December 2025 and has agreed to remain at the Company through at least February 2026 to provide transition and other services in an advisory non-executive capacity. Duyuru • Nov 09
Airbnb, Inc. Provides Earnings Guidance for Fourth Quarter 2025 Airbnb, Inc. provided earnings guidance for fourth quarter 2025. For quarter The company expects to generate revenue of $2.66 billion to $2.72 billion, representing year-over-year growth of 7% to 10%. Reported Earnings • Nov 07
Third quarter 2025 earnings released: EPS: US$2.25 (vs US$2.17 in 3Q 2024) Third quarter 2025 results: EPS: US$2.25 (up from US$2.17 in 3Q 2024). Revenue: US$4.10b (up 9.7% from 3Q 2024). Net income: US$1.37b (flat on 3Q 2024). Profit margin: 34% (down from 37% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Duyuru • Oct 09
Airbnb, Inc. to Report Q3, 2025 Results on Nov 06, 2025 Airbnb, Inc. announced that they will report Q3, 2025 results After-Market on Nov 06, 2025 Reported Earnings • Aug 07
Second quarter 2025 earnings released: EPS: US$1.04 (vs US$0.87 in 2Q 2024) Second quarter 2025 results: EPS: US$1.04 (up from US$0.87 in 2Q 2024). Revenue: US$3.10b (up 13% from 2Q 2024). Net income: US$642.0m (up 16% from 2Q 2024). Profit margin: 21% (in line with 2Q 2024). Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 6.5% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Duyuru • Aug 07
Airbnb, Inc. (NasdaqGS:ABNB) announces an Equity Buyback for $6,000 million worth of its shares. Airbnb, Inc. (NasdaqGS:ABNB) announces a share repurchase program. Under the program, the company will repurchase up to $6,000 million worth of its Class A common stock shares. The program has no expiration date. Duyuru • Jul 24
Airbnb, Inc. to Report Q2, 2025 Results on Aug 06, 2025 Airbnb, Inc. announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Recent Insider Transactions • Jun 11
Co-Founder recently sold €2.0m worth of stock On the 6th of June, Brian Chesky sold around 17k shares on-market at roughly €124 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Brian has been a net seller over the last 12 months, reducing personal holdings by €47m. Buy Or Sell Opportunity • May 21
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 21% to €115. The fair value is estimated to be €146, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 27%. For the next 3 years, revenue is forecast to grow by 9.0% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €124, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 14x in the Hospitality industry in Europe. Total returns to shareholders of 14% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €148 per share. New Risk • May 12
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 8.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.2% average weekly change). Minor Risk Profit margins are more than 30% lower than last year (23% net profit margin). Reported Earnings • May 02
First quarter 2025 earnings released: EPS: US$0.25 (vs US$0.41 in 1Q 2024) First quarter 2025 results: EPS: US$0.25 (down from US$0.41 in 1Q 2024). Revenue: US$2.27b (up 6.1% from 1Q 2024). Net income: US$154.0m (down 42% from 1Q 2024). Profit margin: 6.8% (down from 12% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 7.0% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Apr 28
Airbnb, Inc., Annual General Meeting, Jun 04, 2025 Airbnb, Inc., Annual General Meeting, Jun 04, 2025. Duyuru • Apr 18
Airbnb, Inc. to Report Q1, 2025 Results on May 01, 2025 Airbnb, Inc. announced that they will report Q1, 2025 results After-Market on May 01, 2025 New Risk • Feb 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 3.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (3.6% average weekly change). Profit margins are more than 30% lower than last year (24% net profit margin). Significant insider selling over the past 3 months (€4.8m sold). Reported Earnings • Feb 14
Full year 2024 earnings released: EPS: US$4.19 (vs US$7.52 in FY 2023) Full year 2024 results: EPS: US$4.19 (down from US$7.52 in FY 2023). Revenue: US$11.1b (up 12% from FY 2023). Net income: US$2.65b (down 45% from FY 2023). Profit margin: 24% (down from 48% in FY 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 6.7% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Duyuru • Feb 14
Airbnb, Inc. Provides Earnings Guidance for the First Quarter of 2025 Airbnb, Inc. provided earnings guidance for the first quarter of 2025. For the quarter, the company expected to deliver revenue of $2.23 billion to $2.27 billion, representing year-over-year growth of 4% to 6%, or 7% to 9% excluding the impact of FX. Recent Insider Transactions • Feb 06
Co-Founder recently sold €4.8m worth of stock On the 3rd of February, Brian Chesky sold around 38k shares on-market at roughly €126 per share. This transaction amounted to 1.3% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Brian has been a net seller over the last 12 months, reducing personal holdings by €45m. Duyuru • Jan 31
Airbnb, Inc. to Report Q4, 2024 Results on Feb 13, 2025 Airbnb, Inc. announced that they will report Q4, 2024 results After-Market on Feb 13, 2025 New Risk • Nov 08
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 17% Last year net profit margin: 57% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: US$2.17 (vs US$6.83 in 3Q 2023) Third quarter 2024 results: EPS: US$2.17 (down from US$6.83 in 3Q 2023). Revenue: US$3.73b (up 9.9% from 3Q 2023). Net income: US$1.37b (down 69% from 3Q 2023). Profit margin: 37% (down from 129% in 3Q 2023). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 7.4% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. Duyuru • Oct 25
Airbnb, Inc. to Report Q3, 2024 Results on Nov 07, 2024 Airbnb, Inc. announced that they will report Q3, 2024 results After-Market on Nov 07, 2024 New Risk • Oct 11
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.2% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.4% average weekly change). Significant insider selling over the past 3 months (€24m sold). New Risk • Aug 12
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.02% per year for the foreseeable future. Minor Risks Share price has been volatile over the past 3 months (5.0% average weekly change). Significant insider selling over the past 3 months (€32m sold). Reported Earnings • Aug 07
Second quarter 2024 earnings released: EPS: US$0.87 (vs US$1.02 in 2Q 2023) Second quarter 2024 results: EPS: US$0.87 (down from US$1.02 in 2Q 2023). Revenue: US$2.75b (up 11% from 2Q 2023). Net income: US$555.0m (down 15% from 2Q 2023). Profit margin: 20% (down from 26% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 106% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. New Risk • Aug 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Austrian stocks, typically moving 4.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (4.3% average weekly change). Significant insider selling over the past 3 months (€32m sold). Recent Insider Transactions • Jul 26
Co-Founder recently sold €16m worth of stock On the 22nd of July, Brian Chesky sold around 115k shares on-market at roughly €137 per share. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth €16m. Brian has been a net seller over the last 12 months, reducing personal holdings by €32m. Duyuru • Jul 24
Airbnb, Inc. to Report Q2, 2024 Results on Aug 06, 2024 Airbnb, Inc. announced that they will report Q2, 2024 results After-Market on Aug 06, 2024 Recent Insider Transactions • Jun 27
Co-Founder recently sold €16m worth of stock On the 24th of June, Brian Chesky sold around 115k shares on-market at roughly €139 per share. This transaction amounted to 3.2% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Brian's only on-market trade for the last 12 months. Reported Earnings • May 09
First quarter 2024 earnings released First quarter 2024 results: Revenue: US$2.14b (up 18% from 1Q 2023). Net income: US$264.0m (up 126% from 1Q 2023). Profit margin: 12% (up from 6.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Hospitality industry in Europe. New Risk • Apr 26
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 0.9% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (4.9% average weekly change). Duyuru • Apr 26
Airbnb, Inc. to Report Q1, 2024 Results on May 08, 2024 Airbnb, Inc. announced that they will report Q1, 2024 results After-Market on May 08, 2024 Duyuru • Apr 21
Airbnb, Inc., Annual General Meeting, Jun 05, 2024 Airbnb, Inc., Annual General Meeting, Jun 05, 2024, at 10:00 Pacific Standard Time. Agenda: To elect Brian Chesky, Angela Ahrendts and Kenneth Chenault as Class I Directors to serve until the 2027 Annual Meeting of Stockholders, and until their respective successors are duly elected and qualified; to ratify the appointment of PricewaterhouseCoopers LLP as independent registered public accounting firm for the fiscal year ending December 31, 2024; to approve, on an advisory (non-binding) basis, the compensation of named executive officers; to approve the amendment and restatement of Restated Certificate of Incorporation to provide for the exculpation of officers; and to consider one stockholder proposal, if properly presented at the Annual Meeting. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: US$7.50 (vs US$2.97 in FY 2022) Full year 2023 results: EPS: US$7.50 (up from US$2.97 in FY 2022). Revenue: US$9.92b (up 18% from FY 2022). Net income: US$4.79b (up 153% from FY 2022). Profit margin: 48% (up from 23% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Hospitality industry in Europe. Over the last 3 years on average, earnings per share has increased by 125% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Duyuru • Jan 31
Airbnb, Inc. to Report Q4, 2023 Results on Feb 13, 2024 Airbnb, Inc. announced that they will report Q4, 2023 results After-Market on Feb 13, 2024 Duyuru • Dec 10
Airbnb, Inc. Announces CFO Changes On December 4, 2023, the Board of Directors of Airbnb, Inc. appointed Dave Stephenson, the Company's Chief Financial Officer, as the Company's Chief Business Officer effective as of January 1, 2024. Between January 1, 2024 and March 1, 2024, Mr. Stephenson will serve as both the Company's Chief Financial Officer and Chief Business Officer. On the CFO Transition Date, and as described in more detail below, Ellie Mertz is expected to assume the role of Chief Financial Officer of the Company and Mr. Stephenson will cease serving in that capacity but will continue to serve as Chief Business Officer. Also on December 4, 2023, the Board appointed Ellie Mertz as the Company's Chief Financial Officer effective as of the CFO Transition Date. Ms. Mertz, age 46, is currently the Company's Vice President of Finance, where she is responsible for strategic finance and analytics, corporate planning, and investor relations. Prior to joining Airbnb in 2013, she served as Vice President of Finance at Netflix, Inc., where she held various finance roles from 2006 to 2013. Ms. Mertz currently serves on the boards of Faire and DoorDash, Inc. She holds a B.A. in Science, Technology & Society and an M.A. in History from Stanford University, an M.B.A. from the Stanford Graduate School of Business, and a Master of International Affairs from Columbia University. Duyuru • Dec 09
Airbnb, Inc. Announces the Departure of Catherine Powell as Global Head of Hosting, Effective from June 30, 2024 On December 4, 2023, Airbnb, Inc. and Catherine Powell, the Company's Global Head of Hosting, agreed that Ms. Powell will depart from the Company on June 30, 2024. Ms. Powell will remain employed as the Company's Global Head of Hosting through December 31, 2023 and will serve in a transitionary role through June 30, 2024. In connection with her transition services, the Company has entered into a Retention Agreement with Ms. Powell. Pursuant to the Retention Agreement, Ms. Powell will continue to be paid her current annual base salary through the Planned Departure Date, and her outstanding equity awards will continue to vest in accordance with their terms, in each case, subject to her continued employment with the Company. Duyuru • Nov 15
Airbnb, Inc. (NasdaqGS:ABNB) acquired GamePlanner.AI. Airbnb, Inc. (NasdaqGS:ABNB) acquired GamePlanner.AI Limited on November 14, 2023. CNBC reports that the purchase price was around $200 million.
Airbnb, Inc. (NasdaqGS:ABNB) completed the acquisition of GamePlanner.AI on November 14, 2023. Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: US$6.83 (vs US$1.90 in 3Q 2022) Third quarter 2023 results: EPS: US$6.83 (up from US$1.90 in 3Q 2022). Revenue: US$3.40b (up 18% from 3Q 2022). Net income: US$4.37b (up 260% from 3Q 2022). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.5% growth forecast for the Hospitality industry in Europe. Duyuru • Nov 02
Airbnb, Inc. Provides Revenue Guidance for the Fourth Quarter and Full Year of 2023 Airbnb, Inc. announced that in terms of the guidance for the fourth quarter of 2023, they have revenue guidance between $2.13 billion and $2.17 billion. So that's revenue growth between 12% and 14%.For the year, the company continue to highlight the revenue growth that they're still expecting this year between 12% and 14% and growth overall. Duyuru • Oct 19
Airbnb, Inc. to Report Q3, 2023 Results on Nov 01, 2023 Airbnb, Inc. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 New Risk • Oct 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Austrian stocks, typically moving 4.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Duyuru • Sep 12
Airbnb, Inc. Announces Board Changes On September 7, 2023, the Board of Directors (the “Board”) of Airbnb, Inc. (the “Company”) appointed James Manyika to serve as a Class III director on the Board and as a member and, in place of Angela Ahrendts, as the Chair of the Stakeholder Committee of the Board (the “Stakeholder Committee”), in each case, effective as of September 7, 2023, to serve for an initial term expiring at the Company’s 2026 annual meeting of stockholders and until his successor has been elected and qualified or until his earlier death, resignation, disqualification or removal. In connection with Mr. Manyika’s appointment as Chair of the Stakeholder Committee in place of Ms. Ahrendts, Ms. Ahrendts will continue to serve as a member of the Stakeholder Committee. Buying Opportunity • Aug 08
Now 20% undervalued Over the last 90 days, the stock is up 25%. The fair value is estimated to be €158, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 38% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Duyuru • Aug 04
Airbnb, Inc. Provides Earnings Guidance for the Third Quarter of 2023 Airbnb, Inc. provided earnings guidance for the third quarter of 2023. For the quarter, the company expects to deliver revenue of $3.3 billion to $3.4 billion, which represents year-over-year growth of between 14% and 18%, and a few points lower excluding the impact of FX. Reported Earnings • Aug 04
Second quarter 2023 earnings released: EPS: US$1.02 (vs US$0.59 in 2Q 2022) Second quarter 2023 results: EPS: US$1.02 (up from US$0.59 in 2Q 2022). Revenue: US$2.48b (up 18% from 2Q 2022). Net income: US$650.0m (up 72% from 2Q 2022). Profit margin: 26% (up from 18% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the Hospitality industry in Europe. Duyuru • Jul 23
Airbnb, Inc. to Report Q2, 2023 Results on Aug 03, 2023 Airbnb, Inc. announced that they will report Q2, 2023 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2023 Duyuru • Jun 08
Airbnb, Inc. Elects Alfred Lin as Directors Airbnb, Inc. on June 1, 2023 at its 2023 Annual Meeting of Stockholders elected Alfred Lin as Directors. Valuation Update With 7 Day Price Move • May 16
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €97.20, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 19x in the Hospitality industry in Europe. Total loss to shareholders of 12% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €132 per share. Duyuru • May 11
Airbnb, Inc. Provides Earnings Guidance for the Second Quarter of 2023 Airbnb, Inc. provided earnings guidance for the second quarter of 2023. For the period, The company expects to deliver revenue of $2.35 billion to $2.45 billion in Second Quarter 2023. Buying Opportunity • May 10
Now 11% undervalued after recent price drop Over the last 90 days, the stock is down 7.5%. The fair value is estimated to be €113, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 41% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings is also forecast to grow by 16% per annum over the same time period. Reported Earnings • May 10
First quarter 2023 earnings released: EPS: US$0.18 (vs US$0.03 loss in 1Q 2022) First quarter 2023 results: EPS: US$0.18 (up from US$0.03 loss in 1Q 2022). Revenue: US$1.82b (up 21% from 1Q 2022). Net income: US$117.0m (up US$135.8m from 1Q 2022). Profit margin: 6.4% (up from net loss in 1Q 2022). The move to profitability was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in Europe. Duyuru • May 10
Airbnb, Inc. (NasdaqGS:ABNB) announces an Equity Buyback for $2,500 million worth of its shares. Airbnb, Inc. (NasdaqGS:ABNB) announces a share repurchase program. Under the program, the company will repurchase up to $2,500 million worth of its Class A shares. Buying Opportunity • Feb 19
Now 21% undervalued Over the last 90 days, the stock is up 33%. The fair value is estimated to be €156, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 31% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings is also forecast to grow by 15% per annum over the same time period. Reported Earnings • Feb 15
Full year 2022 earnings released: EPS: US$2.97 (vs US$0.57 loss in FY 2021) Full year 2022 results: EPS: US$2.97 (up from US$0.57 loss in FY 2021). Revenue: US$8.40b (up 40% from FY 2021). Net income: US$1.89b (up US$2.25b from FY 2021). Profit margin: 23% (up from net loss in FY 2021). The move to profitability was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Hospitality industry in Europe. Duyuru • Feb 15
Airbnb, Inc. Provides Earnings Guidance for the First Quarter of 2023 Airbnb, Inc. provided earnings guidance for the first quarter of 2023. For the period, the company expects revenue of $1.75 billion to $1.82 billion. This represents year-over-year growth of between 16% and 21% and on an ex-FX basis between 18% and 23%. Duyuru • Feb 01
Airbnb, Inc. to Report Q4, 2022 Results on Feb 14, 2023 Airbnb, Inc. announced that they will report Q4, 2022 results After-Market on Feb 14, 2023 Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: US$1.90 (vs US$1.34 in 3Q 2021) Third quarter 2022 results: EPS: US$1.90 (up from US$1.34 in 3Q 2021). Revenue: US$2.88b (up 29% from 3Q 2021). Net income: US$1.21b (up 46% from 3Q 2021). Profit margin: 42% (up from 37% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Hospitality industry in Europe. Reported Earnings • Aug 03
Second quarter 2022 earnings released: EPS: US$0.59 (vs US$0.11 loss in 2Q 2021) Second quarter 2022 results: EPS: US$0.59 (up from US$0.11 loss in 2Q 2021). Revenue: US$2.10b (up 58% from 2Q 2021). Net income: US$378.8m (up US$447.1m from 2Q 2021). Profit margin: 18% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the next year, revenue is forecast to grow 20%, compared to a 36% growth forecast for the industry in Austria. Duyuru • Jul 20
Airbnb, Inc. to Report Q2, 2022 Results on Aug 02, 2022 Airbnb, Inc. announced that they will report Q2, 2022 results After-Market on Aug 02, 2022 Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment deteriorated over the past week After last week's 17% share price decline to €94.60, the stock trades at a forward P/E ratio of 49x. Average forward P/E is 18x in the Hospitality industry in Europe. Total loss to shareholders of 24% over the past year. Reported Earnings • May 04
First quarter 2022 earnings released: US$0.03 loss per share (vs US$1.95 loss in 1Q 2021) First quarter 2022 results: US$0.03 loss per share (up from US$1.95 loss in 1Q 2021). Revenue: US$1.51b (up 70% from 1Q 2021). Net loss: US$18.8m (loss narrowed 98% from 1Q 2021). Over the next year, revenue is forecast to grow 26%, compared to a 41% growth forecast for the industry in Austria. Duyuru • Apr 23
Airbnb, Inc., Annual General Meeting, Jun 01, 2022 Airbnb, Inc., Annual General Meeting, Jun 01, 2022, at 10:00 Pacific Standard Time. Agenda: To consider and discuss about electing Amrita Ahuja, Joseph Gebbia and Jeffrey Jordan as Class II Directors to serve until the 2025 Annual Meeting of Stockholders, and until their respective successors are duly elected and qualified; to ratify the appointment of PricewaterhouseCoopers LLP as the company's independent registered public accounting firm for the fiscal year ending December 31, 2022; to approve, on an advisory basis, the compensation of company's named executive officers; and to consider other matters thereof. Duyuru • Apr 20
Airbnb, Inc. to Report Q1, 2022 Results on May 03, 2022 Airbnb, Inc. announced that they will report Q1, 2022 results After-Market on May 03, 2022 Reported Earnings • Feb 16
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: US$0.57 loss per share (up from US$16.12 loss in FY 2020). Revenue: US$5.99b (up 77% from FY 2020). Net loss: US$352.0m (loss narrowed 92% from FY 2020). Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 22%, compared to a 48% growth forecast for the restaurants industry in Austria. Buying Opportunity • Feb 14
Now 22% undervalued after recent price drop Over the last 90 days, the stock is down 21%. The fair value is estimated to be US$186, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% per annum over the last 3 years. Earnings per share has declined by 57% per annum over the last 3 years. Duyuru • Feb 02
Airbnb, Inc. to Report Q4, 2021 Results on Feb 15, 2022 Airbnb, Inc. announced that they will report Q4, 2021 results After-Market on Feb 15, 2022 Recent Insider Transactions • Jan 30
Co-Founder recently sold €325k worth of stock On the 27th of January, Joseph Gebbia sold around 3k shares on-market at roughly €130 per share. This was the largest sale by an insider in the last 3 months. Joseph has been a seller over the last 12 months, reducing personal holdings by €14m. Buying Opportunity • Jan 24
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be US$164, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.3% per annum over the last 3 years. Earnings per share has declined by 57% per annum over the last 3 years. Reported Earnings • Nov 05
Third quarter 2021 earnings released: EPS US$1.35 (vs US$0.83 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: US$2.24b (up 67% from 3Q 2020). Net income: US$833.9m (up 280% from 3Q 2020). Profit margin: 37% (up from 16% in 3Q 2020). The increase in margin was driven by higher revenue. Recent Insider Transactions • Sep 02
Co-Founder recently sold €6.7m worth of stock On the 27th of August, Joseph Gebbia sold around 51k shares on-market at roughly €131 per share. This was the largest sale by an insider in the last 3 months. Joseph has been a seller over the last 12 months, reducing personal holdings by €13m. Reported Earnings • Aug 14
Second quarter 2021 earnings released: US$0.11 loss per share (vs US$0.83 profit in 2Q 2020) The company reported a poor second quarter result with weaker earnings and control over costs, although revenues were flat. Second quarter 2021 results: Revenue: US$1.34b (flat on 2Q 2020). Net loss: US$68.2m (down 131% from profit in 2Q 2020). Breakeven Date Change • Aug 14
Forecast breakeven moved forward to 2022 The 33 analysts covering Airbnb previously expected the company to break even in 2023. New consensus forecast suggests losses will reduce by 83% to 2021. The company is expected to make a profit of US$206.6m in 2022. Average annual earnings growth of 43% is required to achieve expected profit on schedule. Recent Insider Transactions • Jul 09
Co-Founder recently sold €6.5m worth of stock On the 1st of July, Joseph Gebbia sold around 50k shares on-market at roughly €130 per share. In the last 3 months, there was an even bigger sale from another insider worth €56m. This was Joseph's only on-market trade for the last 12 months. Recent Insider Transactions • Jun 03
Co-Founder recently sold €56m worth of stock On the 27th of May, Nathan Blecharczyk sold around 486k shares on-market at roughly €115 per share. This was the largest sale by an insider in the last 3 months. This was Nathan's only on-market trade for the last 12 months. Reported Earnings • May 15
First quarter 2021 earnings released: US$1.95 loss per share (vs US$1.34 loss in 1Q 2020) The company reported a poor first quarter result with increased losses, weaker revenues and weaker control over costs. First quarter 2021 results: Revenue: US$886.9m (down 20% from 1Q 2020). Net loss: US$1.17b (loss widened 234% from 1Q 2020). Duyuru • May 15
Airbnb, Inc. Provides Revenue Guidance for the Second Quarter of 2021 Airbnb, Inc. provided revenue guidance for the second quarter of 2021. For period, The company expects revenue to be significantly higher than that of second quarter of 2020, given the impact of COVID-19 on the prior year period, and to be at a similar level to that of second quarter 2019. In second quarter 2021, it expect the positive momentum of recovery experienced in first quarter 2021 to be partially offset by the continued uncertainty of travel restrictions and lockdowns in EMEA. Duyuru • Apr 29
Visa and Airbnb Partner to Get Hosts Paid Faster With Visa Direct Visa and Airbnb announced Airbnb Hosts in select markets will be able to access their earnings more quickly. Through Airbnb’s use of Visa Direct, Visa’s real-time push payments platform, Hosts will have an option to move money from Airbnb to a bank account associated with an eligible Visa debit card.
Despite a challenging year, the future is looking brighter as people plan safe getaways in the months and years to come. In fact, more than 60% of US consumers say they’re now ready to travel. The enhanced payouts experience with Visa Direct can help give hosts better control of their finances so they can continue providing more guests with unique and memorable experiences. This collaboration is the latest in a series of Visa initiatives to help its financial-institution clients enable buyers and sellers access to tools and resources they need to build stronger business operations and move money around the world at a time when real time payments have never been more important. The new solution for Airbnb Hosts is expected to be available over the course of the next year. 
