Market Performance - Dow Jones Industrial Average closed almost 100 points higher [2] - S&P 500 benchmark index rose 0.7% [2] - Nasdaq Composite was up 1.2% [2] - S&P 500 equal weight underperformed, in negative territory, indicating a narrow large-cap tech rally [3] - Russell 2000 rally paused, roughly flat, but still up over 2% and 1.5% on the week [3] - VIX (volatility index) had been calmer this week, stayed below 20 [5] - Bitcoin exchanging hands at about 115,000 bucks a coin [6] Company Performance - Apple up over 5%, a key driver of the market action [6][7] - Amazon closing up 4%, reversing a few days of downside action since earnings [7] - Tesla also catching a 3.5% bid [7] - Lyft's Q2 revenue was 1.59 billion, falling short of the street's expectation of 1.61 billion, and the stock was down more than 6% [34][35] - DoorDash's adjusted earnings came in 20 cents higher at 65 cents versus the streets expectations for 45 cents, and the stock is up more than 6% in after hours trading [27][28] - Airbnb's Q2 revenue was 3.10 billion versus expectation of 3.03 billion, and the stock was basically flat [37] Economic Factors - S&P 500 constituents have reported about a earnings per share growth year-over-year basis on 11.2% [11] - Companies that missed on revenue or earnings per share have been annihilated on average by about 8% trading down on the next day after the earnings release [13] - Optimism around the one big beautiful bill, with about 100 of 376 companies saying they're going to see a pretty big benefit from the expense nature of capex moving forward [17] - The capex of Microsoft, Amazon, and Oracle is close to $364 billion on a year-over-year basis [19] - San Francisco Federal Reserve President Mary Daly said the Fed will likely need to lower rates in the coming months [55]

Financial Data and Key Metrics Changes - Airbnb reported 134 million nights and seats booked in Q2, up 7% year over year, with growth rates for May and June outpacing Q1 [14] - Revenue for the quarter was $3.1 billion, representing a 13% year-over-year increase, with adjusted EBITDA of $1 billion and a margin of 34%, up from 32.5% last year [15] - Net income reached $642 million, with EPS of $1.3, reflecting a 1620% growth [16] - Free cash flow for Q2 was $1 billion, contributing to a total of $4.3 billion over the past twelve months, resulting in a free cash flow margin of 37% [16][17] Business Line Data and Key Metrics Changes - The introduction of "nights and seats booked" includes both nights booked for stays and total seats booked for services and experiences, indicating a new metric for performance tracking [15] - The company launched Airbnb services and reimagined experiences, generating significant media coverage and social media impressions [11][12] - The average guest rating for services and experiences since launch is 4.93 stars, outperforming the 4.8 average rating for homes [12] Market Data and Key Metrics Changes - Growth rates by region showed Latin America in the high teens, Asia Pacific in the mid-teens, EMEA in the middle single digits, and North America in the low single digits [15] - Japanese travelers booked more nights in Q2 compared to Q1, driven by a 15% year-over-year increase in first-time bookers [9] Company Strategy and Development Direction - Airbnb's strategic priorities include perfecting core services, accelerating growth in global markets, and expanding beyond stays [7][10] - The company is focusing on partnerships with major events like the Tour de France and FIFA World Cup to enhance brand awareness and grow supply in key markets [9][10][102] - The company aims to increase the attach rate for experiences and services, with a focus on local demand and enhancing user engagement through app redesign [22][28][64] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about current demand trends, particularly in the U.S., while acknowledging potential challenges in year-over-year comparisons later in the year [18][19] - The company expects Q3 revenue to be between $4.02 billion and $4.1 billion, with year-over-year growth of 8% to 10% [18] - Management highlighted the importance of improving pricing competitiveness and targeting underpenetrated demographics in the U.S. market [75][76] Other Important Information - Airbnb announced a new share repurchase program with authorization to purchase up to an additional $6 billion of Class A common stock [17] - The company has reduced its fully diluted share count by 8% since introducing its share repurchase program in 2022 [17] Q&A Session Summary Question: What is the attach rate for Airbnb experiences? - Management noted that they are impressed with the awareness of Airbnb experiences and believe the attach rate could be significantly higher than previous iterations, focusing on quality listings and raising awareness [22][25][26] Question: What headwinds are expected in Q3 from events like the Paris Olympics? - Management indicated that while they expect some deceleration in growth rates due to tougher year-over-year comparisons, they are optimistic about the overall growth trajectory [32][34] Question: How is marketing evolving for services and experiences? - Management stated that they plan to market the entire Airbnb offering together, leveraging social media for targeted advertising, which is becoming increasingly important for travel search [40][44][46] Question: How is the company managing the quality of experiences? - Management emphasized that every experience is vetted before being listed, resulting in higher average ratings compared to homes, and they are confident in their ability to scale while maintaining quality [52][53][91] Question: What are the key priorities for accelerating growth in the U.S.? - Management highlighted the importance of improving usability, pricing competitiveness, and targeting specific demographics to drive growth in the U.S. market [75][76][82]

Financial Data and Key Metrics Changes - Airbnb reported Q2 revenue of $3.1 billion, a 13% year-over-year increase, with adjusted EBITDA of $1 billion, representing a 34% margin, up from 32.5% last year [15][16] - Net income reached $642 million, with EPS of $1.3, reflecting a 1620% growth [16] - Nights and seats booked totaled 134 million, up 7% year-over-year, with significant growth in May and June [14][15] Business Line Data and Key Metrics Changes - The company made progress in its three strategic priorities: perfecting core services, accelerating growth in global markets, and expanding beyond stays [6][21] - The launch of Airbnb services and reimagined experiences generated over 13,000 press stories and nearly 660 million social media impressions [11] - The average guest rating for services and experiences since launch is 4.93 stars, outperforming the 4.8 average rating for homes [12] Market Data and Key Metrics Changes - Latin America grew in the high teens, Asia Pacific in the mid-teens, EMEA in the middle single digits, and North America in the low single digits [15] - Japanese travelers booked more nights in Q2 compared to Q1, driven by a 15% year-over-year increase in first-time bookers [7] - The company is seeing strong growth in expansion markets, which have grown at twice the rate of core markets for six consecutive quarters [7] Company Strategy and Development Direction - Airbnb aims to perfect its core service, accelerate growth in global markets, and expand its business beyond stays [6][21] - The company is focusing on partnerships with major events like the Tour de France and FIFA World Cup to enhance brand awareness and grow supply [8][9] - The strategy includes significant investments in new businesses, with approximately $200 million earmarked for 2025 [20][105] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about current demand trends, particularly in the U.S., but acknowledged tougher year-over-year comparisons towards the end of Q3 and into Q4 [18][19] - The company expects Q3 revenue to be between $4.02 billion and $4.1 billion, representing year-over-year growth of 8% to 10% [18] - Management believes there is significant room for growth in the U.S. market, which remains heavily hotel-dominated [77][78] Other Important Information - Airbnb has a strong balance sheet with $11.4 billion in corporate cash and investments, allowing for a new share repurchase program of up to $6 billion [16][17] - The company has reduced its fully diluted share count by 8% since introducing its share repurchase program in 2022 [17] Q&A Session Summary Question: What is the attach rate for Airbnb experiences? - Management is optimistic about the attach rate for experiences, noting that awareness has significantly increased since the launch, with a focus on improving supply and entry points [23][25][26] Question: What headwinds are expected in Q3 from events like the Paris Olympics? - Management indicated that while Q3 may face tougher year-over-year comparisons, the overall growth trend remains positive, particularly in expansion markets [33][36] Question: How is Airbnb approaching marketing for services and experiences? - The company plans to market its entire offering as a bundled service, shifting focus from traditional advertising to social media, which is becoming a key channel for travel search [41][44][46] Question: How is Airbnb managing the quality of experiences? - Airbnb vets every experience before it is listed, resulting in higher average ratings for experiences compared to homes, indicating a strong focus on quality [52][53] Question: Is Airbnb considering acquisitions to accelerate growth? - Management is open to acquisitions but has primarily focused on organic growth; however, they are now better positioned to consider acquisitions due to a rebuilt tech platform [58][59] Question: What are the key priorities for accelerating growth in the U.S.? - Key priorities include improving usability, enhancing pricing competitiveness, and increasing supply in constrained markets [116][118]

Group 1: Financial Performance - Airbnb reported a 13% increase in revenue, reaching $2.75 billion in the second quarter, with net income of $642 million or $1.03 per share, up from $555 million or 86 cents per share a year earlier [1][6] - The company expects third-quarter revenue to be between $4.02 billion and $4.10 billion, with a midpoint estimate of $4.06 billion, slightly above analysts' expectations of $4.05 billion [2] - Gross booking value for the second quarter totaled $23.5 billion, exceeding the $22.66 billion expected by analysts [4] Group 2: Market Trends and Demand - Despite global economic uncertainty, travel demand increased, with nights booked on Airbnb rising to 134.4 million, a 7% increase from the previous year, surpassing the expected 133.35 million [3] - The company noted strong performance in the second quarter, even amidst a volatile macroeconomic environment influenced by U.S. trade policies [2] Group 3: Shareholder Actions - Airbnb announced a new share repurchase program of up to $6 billion for Class A common stock, having repurchased $1 billion during the second quarter [5] - The company had prior authorization to purchase an additional $1.5 billion as of June 30 [5]

Financial Performance - Revenue for Q2 2025 increased by 13% to $3.1 billion compared to Q2 2024, driven by higher check-ins and a shift in Easter timing [150]. - Net income for Q2 2025 rose by 16% to $642 million, primarily due to revenue growth, slightly offset by lower interest income [151]. - Nights and Seats Booked increased by 7% to 134 million in Q2 2025, and by 8% to 277 million for the first half of 2025 compared to the same periods in 2024 [158]. - Gross Booking Value (GBV) grew by 11% to $23.4 billion in Q2 2025, and by 9% to $48.0 billion for the first half of 2025 compared to the same periods in 2024 [158]. - Revenue for the three months ended June 30, 2025, increased by $348 million, or 13%, compared to the same period in 2024, primarily due to an increase in check-ins and a slight increase in ADR [174]. - The company experienced a 10% revenue increase for the six months ended June 30, 2025, amounting to $5,368 million compared to $4,890 million in the same period in 2024 [175]. Cash Flow and Expenses - Free Cash Flow for Q2 2025 was $962 million, with a Free Cash Flow Margin of 31%, compared to $1.0 billion and 38% in Q2 2024 [164]. - Cash provided by operating activities was $975 million in Q2 2025, down from $1.051 billion in Q2 2024 [164]. - Free Cash Flow for the three months ended June 30, 2025, was $962 million, with a Free Cash Flow Margin of 31%, down from 38% in the same period in 2024 [167]. - Net cash provided by operating activities for the six months ended June 30, 2025, was $2.8 billion, primarily due to net income of $796 million and unearned fees of $1.2 billion [210]. Share Repurchase and Capital Management - The company repurchased 8.1 million shares of Class A common stock for $1.0 billion, leaving $1.5 billion available for future repurchases [152]. - The company repurchased 8.1 million shares of Class A common stock for $1.0 billion during the three months ended June 30, 2025, and 14.2 million shares for $1.8 billion during the six months ended June 30, 2025 [208]. - The company signed a new enterprise agreement for cloud hosting services with a commitment of at least $1.9 billion through 2031 [207]. - Future capital requirements will depend on growth, headcount, and customer retention on the platform [215]. - The company may seek additional capital or incur more debt to fund strategic initiatives [215]. - Long-term funding will rely on access to capital markets or credit facilities [215]. - If unable to raise additional capital at reasonable rates, the company's financial condition could be adversely affected [215]. Operating Expenses - Cost of revenue for the three months ended June 30, 2025, increased by $38 million, or 8%, primarily due to an increase in merchant fees [177]. - Product development expenses for the three months ended June 30, 2025, increased by $91 million, or 18%, primarily due to an increase in payroll-related expenses [183]. - Total costs and expenses for the six months ended June 30, 2025, were $4,718 million, an increase of 10% compared to $4,292 million in the same period in 2024 [172]. - The company’s operations and support expenses for the three months ended June 30, 2025, decreased by $6 million, or 2%, compared to the same period in 2024 [180]. - Sales and marketing expenses increased by $118 million, or 21%, for the three months ended June 30, 2025, primarily due to a $50 million increase in marketing activities related to a product launch [187]. - For the six months ended June 30, 2025, sales and marketing expenses rose by $167 million, or 15%, driven by a $53 million increase in marketing activities and a $49 million increase in third-party service provider expenses [188]. - General and administrative expenses decreased by $8 million, or 3%, for the three months ended June 30, 2025, mainly due to a $34 million decrease in non-income taxes [190]. Interest Income and Taxation - Interest income for the three months ended June 30, 2025, decreased by 16% to $190 million from $226 million in the same period in 2024 [171]. - Interest income decreased by $36 million, or 16%, for the three months ended June 30, 2025, attributed to lower interest rates [193]. - Provision for income taxes increased by $11 million, or 9%, for the three months ended June 30, 2025, primarily due to decreased excess tax benefits on stock-based compensation [198]. Financial Condition and Accounting - Macroeconomic conditions, including inflation and interest rates, have not materially impacted the company's financial performance to date, but future impacts remain uncertain [153]. - Financial condition analysis is based on unaudited condensed consolidated financial statements prepared in accordance with U.S. GAAP [216]. - Estimates and assumptions affect reported amounts of assets, liabilities, revenues, costs, and expenses [216]. - Actual results may differ from estimates under different assumptions or conditions [216]. - Recent accounting pronouncements are detailed in the Summary of Significant Accounting Policies [217].

SAN FRANCISCO, Aug. 6, 2025 /PRNewswire/ -- Airbnb, Inc. (NASDAQ: ABNB) has posted a shareholder letter containing its second quarter 2025 financial results on its Investor Relations website at https://investors.airbnb.com.Airbnb will host an audio webcast to discuss its results at 1:30 p.m. PT / 4:30 p.m. ET today. The link to the webcast will be made available on the Investor Relations website at https://investors.airbnb.com.Interested parties can register for the call in advance by visiting https://regis ...

Exhibit 99.1 Q2 2025 $3.1B Key Financial Revenue Measures 13% Y/Y 13% Y/Y (ex-FX) $642M Net Income 21% Net income margin $1.0B Adjusted EBITDA* 34% Adjusted EBITDA Margin $1.0B Free Cash Flow ("FCF")* 31% FCF Margin $4.3B TTM Trailing Twelve Month ("TTM") FCF* 37% TTM FCF Margin $23.5B Key Business Gross Booking Value ("GBV") Metrics 11% Y/Y 9% Y/Y (ex-FX) 134.4M Nights and Seats Booked 7% Y/Y *A reconciliation of non-GAAP financial measures to the most comparable GAAP measures is provided at the end of thi ...

Core Viewpoint - Airbnb is set to report its fourth quarter earnings, with expectations of strong performance driven by growth factors including AI [2][3] Earnings Expectations - The company is anticipated to report earnings of $0.93 per share on revenue of $3.03 billion, with a Whisper number of $0.97 per share [3] Financial Performance - Airbnb turned profitable in 2022 with earnings of $2.79, which grew to $4.27 in 2023, but fell to $4.11 in 2024; earnings are projected to rise to $4.20 in 2025 and $4.83 in 2026 [4] - The price-to-earnings (P/E) ratio stands at 33, which is 1.4 times that of the S&P 500 [4] Technical Analysis - The stock is currently trading near its IPO price from 2020 and below its 50 and 200-day moving averages, indicating pressure on the stock [6] - A gap up in stock price post-earnings could suggest bullish trends, while a gap down may indicate continued pressure [6] Company Overview - Airbnb operates a platform connecting hosts and guests for stays and experiences, with over 8 million active listings and 5 million hosts globally [7][9] - The company has generated $11 billion in revenue and over $2.5 billion in earnings, showcasing significant growth and market disruption [8][9]

Group 1 - Airbnb is set to release its Q2 earnings results on August 6, with expected earnings of 94 cents per share, an increase from 86 cents per share in the same period last year [1] - The projected quarterly revenue for Airbnb is $3.03 billion, compared to $2.75 billion a year earlier, indicating a significant growth [1] - In Q1, Airbnb reported a revenue increase of 6% year-over-year to $2.27 billion, surpassing analyst estimates of $2.26 billion [2] Group 2 - UBS analyst Stephen Ju maintained a Neutral rating and raised the price target from $137 to $156 [4] - Morgan Stanley analyst Brian Nowak kept an Underweight rating while increasing the price target from $125 to $130 [4] - Wells Fargo analyst Ken Gawrelski also maintained an Underweight rating and raised the price target from $104 to $111 [4]

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The company focuses on medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive's news team delivers insights across various sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]