Unnamed: 0 int64 | symbol string | quarter int64 | year int64 | date string | company_name string | company_id float64 | text string |
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200 | ABNB | 4 | 2,024 | 2025-02-13 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky: Hey, Ken. Just on your question, couple of things. So with regards let's focus on North American urban markets. That are very heavily dominated by hotels. The vast majority of people going to city in North America are staying in a hotel. Which is good for us and so far that there's so much room to grow. S... |
201 | ABNB | 4 | 2,024 | 2025-02-13 16:30:00 | Airbnb, Inc. | 115,705,393 | we add more service we make it more affordable, even more frictionless, eventually, there's a tipping point I think a lot of hotel travelers will come to Airbnb, Inc. Or use us for more of their share of wallet. So I think I can't possibly predict when this will happen, you know, but I what I can't predict is how much ... |
202 | ABNB | 4 | 2,024 | 2025-02-13 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: Our next question comes from the line of Kevin Kopelman with TD Cowen. Please go ahead.
Kevin Kopelman: Thanks. Could you give us an update on how you're thinking about advertising services in your priority list as you're rolling on new businesses? Thanks.
Brian Chesky: Hey, Kevin. I think it it's, like, almo... |
203 | ABNB | 4 | 2,024 | 2025-02-13 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky: Yeah. Sure. I'll take the first part, and I'll let you know it take a second. You know, with regards to regulation, let's just let's just frame it. So our top 200 market take comprise the vast majority of revenue. 80% of those jurisdictions have regulations on the books for Airbnb, Inc., regulations as in... |
204 | ABNB | 4 | 2,024 | 2025-02-13 16:30:00 | Airbnb, Inc. | 115,705,393 | know, there was a devastating LA fire that I'm sure you're all aware of, about a month ago. And, you know, a large number of people were displaced. Well, Airbnb, Inc. and working with Airbnb.org has housed more than 19,000 residents. Los Angeles that were displaced because of the fire. And so I think generally, the con... |
205 | ABNB | 4 | 2,024 | 2025-02-13 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: And then just on your second question, related to DMA, no no real change here. From from last quarter. It it doesn't really apply to us.
Operator: Our next question comes from the line of Colin at Baird.
Colin: Thanks, and and good afternoon. I guess two quick ones for me. First off, I guess from a competi... |
206 | ABNB | 4 | 2,024 | 2025-02-13 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: Great. Thanks, Colin. Just just giving a little bit of update in terms of the competitive competitive environment. What I would say is that, you know, our results in Q4 and 2024 support that. We continue to gain market share on a year-over-year basis, both globally as well as at a regional level. This is t... |
207 | ABNB | 4 | 2,024 | 2025-02-13 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: Our next question will come from the line of John Colantuoni with Jefferies. Go ahead.
John Colantuoni: Thanks so much for my questions. First one on conversion. When when you look at how travelers interact with your booking experience and begin to think about how best to layer in new services over time. Talk... |
208 | ABNB | 4 | 2,024 | 2025-02-13 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: Yeah. So let's talk a little bit. You asked about the conversion funnel and how we think about adding in new products. And and I think the question is really, how do you how do you launch and merchandise new products while not creating some risk to your your core offering? And I think this goes to one of o... |
209 | ABNB | 4 | 2,024 | 2025-02-13 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And that will conclude our Q&A session. I'll turn the call back over to Brian for any closing remarks.
Brian Chesky: Alright. Well, thanks everyone for joining us today. Just to recap, we ended 2024 with nice growth accelerating in incredible momentum heading out of 2025. Free cash flow was $4.5 billion for t... |
210 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: Good afternoon, and thank you for joining Airbnb's Earnings Conference Call for the Third Quarter of 2024. As a reminder, this conference call is being recorded and will be available for replay from the Investor Relations section of Airbnb's website following this call. I will now hand it over to Angela Yang,... |
211 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky: All right. Good afternoon, everyone, and thanks for joining. Airbnb had a strong third quarter. Nice and experiences booked accelerated throughout Q3 and into Q4. Despite a slower start to the quarter due to shorter booking lead times compared to last year bookings grew steadily each month returned to dou... |
212 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | features like recommended destinations, suggested search filters and personalized listing highlights. We're also focused on one of the top issues for guests, listing quality. Since last year, we removed over 300,000 listings that failed to meet guest expectations. And we will continue to invest in improving the quality... |
213 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | product market fit, increasing brand awareness, and driving traffic. And I want to just use one country as an example, which is Japan. Airbnb is still pretty new in Japan and it's pretty unfamiliar to most Japanese travelers. So to raise awareness, we launched a brand campaign last month is centered on domestic travel.... |
214 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Now, when we announced this on October 16th, we launched the Co-Host Network with 10,000 Co-Hosts across 10 countries. In this three weeks since we launched, we've already received interest from over 20,000 potential new co-hosts. This is huge, this is way bigger than we were expecting. And we are making co-hosting eas... |
215 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: [Operator Instructions] Our first question comes from the line of Richard Clarke with Bernstein. Your line is open.
Richard Clarke: Hi, good afternoon. Thanks for taking my questions. Just a question on supply. It looks like you stopped sort of giving us the year-on-year supply growth I guess because of the r... |
216 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: Yes, thanks, Richard. Let me talk a little bit about what we've seen on supply. As you probably noted, our initiatives around supply have really morphed over the last 12 months. We can continue to focus on growing our overall supply base. But we incrementally are focused on making sure that we are deliveri... |
217 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky : Yeah, I can take. Yeah, I can take that. Richard, it’s a great question. Airbnb, I think we are just scratching the surface of how big this company can become. And the growth rate of demand is going to fall probably in line with the growth rate of supply. And so, one of the questions we had was, well, ho... |
218 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Richard Clarke: Thanks. Thanks very much.
Operator: And your next question comes from the line of Mark Mahaney with Evercore ISI. Your line is open.
Mark Mahaney: Hey, thanks. Two questions please. You talked about this acceleration or improvement in. room nights as you kind of went through the quarter. Did that come f... |
219 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: Thanks, Mark. Let me first answer your first question with regard to the acceleration of the business. What we shared in the letter was that for your line to where we were back at the time of the last earnings call, we called out that there was a bit of softness globally related to lead times is specifical... |
220 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question is going to come from the line of Brian Nowak with Morgan Stanley. Your line is open
Brian Nowak: Thanks for taking my questions. I have two. Excuse me. The first one, I think that the 4Q EBITDA guide sort of implies a margin somewhere in the 20s around 27%, 28%. Is there any sort of ti... |
221 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: Yes. So Brian, talking a little bit about Q4 obviously, the guide does imply a, several points margin compression relative to last Q4. And you should see that most specifically in terms of both the product development line item as well as marketing. In marketing, we continue to invest in our global expansi... |
222 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | accommodations business, as well as our new offerings. And so, as we head into 2025, we will continue to lean into our growth initiatives around core optimizations, global markets expansions and new products and services, which is then the question is, how exactly will we be managing the P&L? Let's say for the core bus... |
223 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from the line of Justin Patterson with KeyBanc. Your line is open.
Justin Patterson: Great. Thanks for taking the question. Brian, recently you’ve passed the two billion guest milestone and you did that next one billion much faster than your first one billion. As you look at the b... |
224 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky : Justin, it’s a great question. Maybe I'll just start by stepping back, it's pretty crazy that Airbnb has been used by two billion guests. Because I remember when we started Airbnb, I remember telling investors one day this company be huge, thousands of people will use it. And I think there's been a commo... |
225 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | allow us to grow and let's start with the shortest horizon to a longest horizon. The shortest horizon is actually just our core business. Again, we do, - we're approaching 500 million room nights booked a year, I think our core business could certainly get to a billion nights a year. I am not going to put a time horizo... |
226 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | rentals Airbnb homes by the night. And so, I think that we have a huge opportunity to expand beyond our core business of accommodations. Amazon went from books to what they do first after books, they did CDs and DVDs and people used to buy both. And that was a very close adjacency. And eventually, they sold everything ... |
227 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from the line of Justin Post with Bank of America. Your line is open,
Justin Post: Great, thanks for taking my question. I just wanted to ask about the new markets. If you could give us the expansion markets, maybe some of the biggest ones there? I know Japan is one of them and th... |
228 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: Yeah, Justin, let me just give you some context in terms of our overall kind of concentration of the business. So, if we think about the core markets and again remember those are US, Canada, Australia, France, and the UK. They currently represent about three quarters of our gross booking value. And then th... |
229 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | to scale that business commensurately. And so, when you think about the scale of these markets where we are today, Brian and I characterized this as a medium-term opportunity, because the immediate opportunity is large, but it will take time for us to scale these individual markets such that they have an increasing imp... |
230 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes form the line of Lee Horowitz with Deutsche Bank. Your line is open.
Lee Horowitz : Great. Thanks so much. A couple of I could? Maybe you, your online travel peers have given color that's what they think their long-term bookings growth how that looks like. I mean, I guess, given y... |
231 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: Yes, thanks Lee. So we think about overall growth algorithm and our growth drivers it's exactly as Brian has described earlier in terms of talking about the opportunity. It really starts with focusing on our core offering and optimizing it such that we are effectively limiting the barriers, to trying Airbn... |
232 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | results that we've delivered so far this year suggest that that is, that is working. We just need to continue to scale those businesses such as they contribute to global growth more significantly. |
233 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Lee Horowitz : Great. And then, to the extent that sort of your improving 4Q outlook the acceleration is really nice, it is an output of some of the investments that you guys are putting into place driving the kind of gains that you want. Does this give you confidence to throw fuel on the fire and invest more aggressiv... |
234 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky : Yeah, I got this. Hey James, these are great questions. I'm really excited about it. So, I'll take each, affordability and reliability and customer service. Affordability, it's funny, the first tagline Airbnb ever had was an affordable alternative a hotel. And it was the number one reason that people fir... |
235 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | realize that they need to make sure they are competitive and so it brings the prices in line. Now over the this past release on October 16th, we also added a couple more different features like price tips, hosts can now view suggested prices based on similar listings in that area and search tips. So throughout the gues... |
236 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | the word of mouth is up, but most importantly, a lot of people that wouldn't have considered staying in Airbnb, now would. I mean, I'm going to go on a NIM and say that while the average Airbnb is not as reliable as a hotel, I believe the average Guest Favorite is. And we have two million to choose from. Two million li... |
237 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | the questions. Phase three is to take actions. So I’ll give you an example, let me just give you one example. Let's say, I were to contact customer service and I’d say, how do I cancel a reservation. In Phase one, what we are doing now AI agent will answer – copy even better the average customer service agent how do ca... |
238 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from the line of Doug Anmuth with JPMorgan. Your line is open. Doug, if you could check to see if your line is on mute. And moving forward to our next question from Kevin Kopelman with TD Securities. Your line is open.
Kevin Kopelman: Thanks a lot. A question on the new services t... |
239 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz : The one thing I would add is, Kevin, we will obviously give you much more detailed color next year on the next earnings call. But what you should anticipate is that, some of the investment behind those new services will front run the revenue. So you'll begin to see those expenses or those investments I sh... |
240 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky: Yeah, John, really good question. I think we are able to reach a sweet spot where I think we can - we're going to offer something that's really, really unique and we will scale. Now, I want to just moderate expectations that again, these Journeys are going to be multi-year journeys that I do not think tha... |
241 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | certification and build it for the next decade for like 50 or 100 different categories, just like Amazon. So now, I think with the timeline when we offer them, but we've rebuilt the technology already most of it to be able to do that. Now with marketing, I don’t think we are going to market everything as standalone bus... |
242 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from the line of Jed Kelly with Oppenheimer. Your line is open.
Jed Kelly: Great, great. Thanks for taking my questions. Just two if I may? Can you talk about in areas such as New York City, where the regulations are becoming increasingly difficult? Can you talk about how we shoul... |
243 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky: Hey Jud. I'll take that. Yes, so let’s talk about New York. Actually, I would like to talk about two cities. I want to talk about a tale of two cities. New York City and Paris. Because both cities need some major decisions on Airbnb recently and I want to distinguish differencing the two. New York City ha... |
244 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | think that’s the most important point I would make that New York and Paris are a tale of two cities and we can be a solution to the problem. We are not the problem. But specific to New York, I’d just say two things. Number 1, I remain optimistic that there will be a task to us to re-enter New York and people be able to... |
245 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: [Operator Instructions] Our, next question comes from the line of Stephen Ju with UBS. Your line is open.
Stephen Ju : Great. Thanks. So thanks for taking the question. Som Brian, I guess, on the Experiences, again I'm wondering if there's going to be an angle where this could be something that increases the ... |
246 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky: 100%, I mean, this is a great point Stephen. Experiences, I absolutely like within, like Airbnb is typically something you book once or twice a year, very, very few people will book Airbnb every month. Unless you are like incredibly prolific traveller and so we struggle from the point, where on the 1 hand... |
247 | ABNB | 3 | 2,024 | 2024-11-07 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And there are no further questions at this time, I would now like to turn the call back over to Brian Chesky.
Brian Chesky: All right. Well, I just want to thank everyone for joining today. And just to recap, revenue was $3.7 billion, which is 10% higher than a year ago. Adjusted EBITDA was $2 billion and our... |
248 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: Ladies and gentlemen, good afternoon, and thank you for joining Airbnb's Earnings Conference Call for the Second Quarter of 2024. As a reminder, this conference call is being recorded and will be available for replay from the Investor Relations section of Airbnb's website following this call. I will now hand ... |
249 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Angela Yang: Good afternoon, and welcome to Airbnb's first quarter of 2024 earnings call. Thank you for joining us today. On the call today, we have Airbnb’s Co-Founder and CEO, Brian Chesky and our Chief Financial Officer, Ellie Mertz. Earlier today, we issued a shareholder letter with our financial results and commen... |
250 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky: All right. Good afternoon, everyone, and thanks for joining. Q2 marked another strong quarter for Airbnb. We had 125 million nights and experiences booked. Revenue increased 11% year-over-year to $2.75 billion. Net income was $555 million representing a net income margin of 20% and we generated $1 billion... |
251 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | in Airbnb. Now since launch, last November, we've seen over a 150 million nights booked at guest favorite listings. We've also made dozens of smaller changes that have led to improved usability and booking conversion. These include things like simplified set up and login, improved map, clear cancellation policies and s... |
252 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | youngest age demographic. Second, Airbnb is uniquely positioned for special events where continuously more guests choose Airbnb for major holidays and events. The week of July 4th for example represented our single highest week of revenue ever in North America and we saw similar trends in Europe. Now in anticipation of... |
253 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | and the Euro Cup and we're also encouraged by the relative strength of Latin America and Asia Pacific which continue to be our fastest growing regions. However, we are seeing shorter looking lead times globally and some signs of slowing demand from US guests and our Q3 outlook incorporate these recent trends. We are wa... |
254 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: [Operator Instructions] And your first question comes from the line of Ron Josey with Citi. You're line is open.
Ron Josey: Great. Thanks for taking the question. I have two please. Brian, just with your last comments on slowing lead times and what not in North America. Can you tell us a little bit more about... |
255 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz : Yeah. Yeah, absolutely. So let me double click a little bit in terms of the trends for lead times since the beginning of the year. In both Q1 and Q2, what we saw with that lead times were basically equivalent with what we had seen in 2023. So there wasn't really any timing shift behavior in terms of when ... |
256 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky : Sorry, there was a second part of the question. So, Ron, to answer your question about expanding beyond the core business. Where we are is we spent 16 years building a business that's approaching $80 billion in gross booking value that's basically one category, which we call Airbnb which is short term ac... |
257 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | year we're going to begin to expand Airbnb truly beyond our core business. And we're going to be launching - we're going to relaunch Experiences. I've been asked about Experiences probably every earnings call since we’ve been public, rightly so, because it's very exciting. We've learned a lot of lessons from Experience... |
258 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from the line of Doug Anmuth with JPMorgan. Your line is open.
Doug Anmuth : Thanks for taking the questions. Ellie, just to follow up on I know you talked about the shorter booking window. Are you seeing any change in activity around pricing or class of property? And is there any... |
259 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky : And to answer your question about expansion markets, maybe a framework I can give to think about how we want accelerate growth, listen, we want to be growing a lot fast than we are. We want to be growing in healthy double-digit growth - double-digit growth and I think we can. And the way we're thinking a... |
260 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Asia. And Asia, you really have like the big four, big five countries. So you have China, Japan, Korea, India and then maybe we could kind of call out Southeast Asia as a holistic region. So what we're going to do is we have an international playbook, which is really product and marketing. First, need to localize the p... |
261 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from the line of Richard Clarke with Bernstein. Your line is open.
Richard Clarke: I just want to unpick the Q3 revenue guidance a little bit more. I guess the - if I look from the balance sheet your funds held on behalf of customers, to me it looks like it's up about 13% year-on-... |
262 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from the line of Eric Sheridan with Goldman. Your line is open.
Eric Sheridan: Thanks so much for taking the question. Maybe I can ask a two-parter coming back to the booking window. When you've – what you’ve seen over the last couple of years in terms of the booking window evolvi... |
263 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: Thanks, Eric. So, let's talk about lead times over time. If we look at where we were say in Q2 of 2019, the average lead time across the platform was within one or two days of what it was in Q2 in ‘24? So from the kind of pre-covid to last quarter, there hasn't been some material shifts. What you did see t... |
264 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | of war in Israel. People from time to time have moments where they are not booking in the same timeframe that they did in prior periods, and that's what we're tracking closely right now. |
265 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: [Operator Instructions] Your next question comes from the line of Brian Nowak with Morgan Stanley. Your line is open.
Brian Nowak: Thanks for taking my questions. Maybe I'll squeeze in two. Let me ask one on the marketing expense comments for you Ellie. You mentioned in the guide marking expense has been real... |
266 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz : Yeah, so, Brian, let me let me talk a little bit about our marketing spend. Let me just back up before I talk about Q3 and remind you of the full year guide that we provided back in February. What we shared in February is that, for the full year we were looking to deliver an EBITDA margin of a minimum of ... |
267 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | efforts have been successful and so, rolling them out to incremental markets will be helpful over the medium term. In terms of incremental performance marketing, what we've shared with you today that has continued into Q3 is that based on a lot of optimizations that we've made to our performance marketing efforts. We'v... |
268 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky : And why don’t take your second question. So Brian Gen AI ChatGPT launched late November 2022. When it launched, I think we all got like incredibly excited. It was kind of like the moment probably some of us first discovered the Internet or you know maybe when I come with launch. And when it was launched ... |
269 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | It's going to be much more of a travel concierge is having a conversation, learning adapting to you. It's going to take a number of years to develop this. And so, it won't be in the next year that this will happen and I think this is probably what most of my tech friends are also saying, it's going to just take a bit m... |
270 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from the line of Justin Post with Bank of America. Your line is open.
Justin Post: Great thanks for taking my question. Just on the North America and Europe markets presumably growing a little slower than the average for the company. Any signs of kind of cyclical or macro pressure... |
271 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz : Yes, so let me talk. Let me talk a little bit about what we're seeing in both, North America and EMEA. I would say I would go back to my prior comments in terms of just the lead times. That that commentary is true globally so it applies to both northern - North America and EMEA. I would say EMEA has been ... |
272 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | listings. And then in terms of shorter trips, the average from playing has gone down, but that is really a function of the mix shift between short-term rentals growing more quickly than long-term rentals. Less so people choosing a three day trip versus a four-day trip. So I don't think we've seen that the type of tree ... |
273 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from the line of James Lee with Mizuho. Your line is open.
James Lee: Great. Thanks for my questions. Two here please. First on experiences. What are some of the frictions and difficult problems you're trying to resolve here. It seems like you have plenty of supply, plenty of list... |
274 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky : Hey, James, I'll take the first question. So there's five things that we're looking for to do with experiences. The first thing is we want them to be a better price selection. Right now, we think we can have - we can offer more affordable experiences that younger people especially Gen Z could afford. So ... |
275 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Most people don't know we offer experiences even though we launched them eight years ago. So we're going to actually market them and tell the world about them and we can do this without a lot of incremental investment because we can market homes and experiences in the same ad. So if we do those five things, I think we ... |
276 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: And James, to your second question, in terms of the mix shift to non-urban market. We call it on the letter because it is a differential in terms of the respective market segments, but there isn't – it’s not a major shift what we are seeing is that growth in non-urban markets continues to be slightly highe... |
277 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: Yes, thank you. So we always have not given a guide for ’25. We will provide you a view on ‘25 as it approaches. What I would say is, if you look at where we have come over the last couple of years, we obviously delivered a substantial amount of margin expansion from where we started. You followed us for s... |
278 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: Yes. thanks, Kevin. So I would say, first, we're not going to provide outlook right now for Q4, but when I when I give you that color on the lead times, I think it's pretty informative from the perspective of, it's not that people are not definitively booking over the long term, if they may not have booked... |
279 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky : Yeah, I mean we essentially built our forecast to have already have a spread of that between short term, medium term and long term. So in the short term, I mean, the biggest driver of growth in the short term again is conversion increases. Every 1% increase in our business is about $100 million. And we h... |
280 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky : Hi, Jed, so, essentially, I think people come to Airbnb because they want to get something unique. That's what customers think of when they think of Airbnb. That's why we're a noun and a verb. We're one of the only brands in the world like Kleenex or Xerox, that's a noun and verb and it means you can - i... |
281 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | is an opportunity to offer hotels in Airbnb and we have a lot of hotels. We have hundreds of thousands of boutique hotels and non-home inventory on Airbnb and we're going to continue to expand that over its years to come. And so there's no philosophical misalignment to add commodity inventory. The philosophical misalig... |
282 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from Mark Mahaney with Evercore ISI, Your line is open.
Mark Mahaney: I just wanted to ask a question about Paris and the learnings you've had from this. I assume this is the biggest event for Airbnb and a massive popular event in your largest city. So just if that’s true and I th... |
283 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky : It’s a great question, Mark I'm really glad you asked this. I just want to like take us back down memory lane because in 2007, Airbnb provided housing for a design conference. Then in 2008, we provided housing for the Democratic National Convention. Then in 2009 we provided housing for the inauguration. ... |
284 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | of at Paris, we Did a lot of local campaign. And so it was so successful that we now looking at the top thousand events in the world, really large ones like the World Cup and Olympics, but also like you know looking at where Taylor Swift is going on concert or looking at different conferences, different like we provide... |
285 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from the line of Stephen Ju with UBS. Your line is open.
Stephen Ju: Okay. great. Thank you. Brian, I want to ask on Airbnb rooms. I would have thought that given its more nascent statement in the economic backdrop that this is should probably be the product that should be growing... |
286 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky : Thanks. Yeah, the reality is the biggest issue with Airbnb rooms it’s just a small percent of our business. It's a very small percentage. So even if it - even no matter how fast it grows it's often very small base. It's how Airbnb started by providing a room and a house. It's very affordable. It's very p... |
287 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And your next question comes from the line of Lee Horowitz with Deutsche Bank. Your line is open.
Lee Horowitz: Great, thanks. New on one our nights and on pricing. So Ellie you're talking about putting more investments into place in the second half of this year as a means of accelerating growth. Can you help... |
288 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Ellie Mertz: Yeah, so first let me talk about marketing payback. I would say the way we are looking marketing paybacks is very different based on the channels and investment from a performance marketing standpoint obviously the ROI is very specific and relatively short-term. We think about that in terms of weeks and mo... |
289 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | and the economics behind them still are very strong. So it's a at a global basis, we are we're somewhat agnostic because we can deliver strong economics across a wide range in ADRs. |
290 | ABNB | 2 | 2,024 | 2024-08-06 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: And ladies and gentlemen, that will conclude our question and answer session. I will now turn the conference back over to Brian Chesky for closing remarks.
Brian Chesky: Alright, well, thanks for joining us today. Just to recap, revenue was 2.7 billion 11% higher than a year ago, adjusted EBITDA was a Q2 reco... |
291 | ABNB | 1 | 2,024 | 2024-05-08 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: Good afternoon, and thank you for joining Airbnb's Earnings Conference Call for the First Quarter of 2024. As a reminder, this conference call is being recorded and will be available for replay from the Investor Relations section of Airbnb's website following this call. I will now hand the call over to Angela... |
292 | ABNB | 1 | 2,024 | 2024-05-08 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky: All right. Good afternoon, everyone, and thanks for joining. Airbnb had a strong start to 2024. We had 133 million nights and experiences booked in Q1, marking our highest first quarter ever. Revenue of $2.1 billion grew 18% year-over-year, primarily driven by continued strength in travel demand and the t... |
293 | ABNB | 1 | 2,024 | 2024-05-08 16:30:00 | Airbnb, Inc. | 115,705,393 | based on ratings, reviews, and reliability. Now, since launching Guest Favorites, there have been more than 100 million nights booked at these listings. And we will continue to make it easier for guests to find high-quality and affordable stays. Finally, we're expanding beyond our core. During the quarter, we continued... |
294 | ABNB | 1 | 2,024 | 2024-05-08 16:30:00 | Airbnb, Inc. | 115,705,393 | has been overwhelmingly positive. Now, just to put this into perspective, Icons has already generated more for us than our IPO. It's clear Icons are resonating with people. Now, looking back to Q1, we saw a number of positive business highlights. First, mobile downloads are accelerating. So, to quickly zoom out, nights... |
295 | ABNB | 1 | 2,024 | 2024-05-08 16:30:00 | Airbnb, Inc. | 115,705,393 | as mentioned earlier, in Q1, we removed thousands of listings that failed to meet our guest expectations. And excluding these removals, active listings for accommodations grew 17% year-over-year. We continue to see double-digit supply growth across all regions, with the highest growth in regions with the highest demand... |
296 | ABNB | 1 | 2,024 | 2024-05-08 16:30:00 | Airbnb, Inc. | 115,705,393 | Operator: [Operator Instructions] Our first question will come from the line of Mark Mahaney with Evercore ISI. Please go ahead.
Mark Mahaney: Thanks. You talk about these kind of leaning into these kind of less mature markets and this doubling of growth rate in some of those expansion markets versus your core markets.... |
297 | ABNB | 1 | 2,024 | 2024-05-08 16:30:00 | Airbnb, Inc. | 115,705,393 | Brian Chesky: Yes. Hey, Mark. Why don't I start? So leaning into less mature markets. So if you think about Airbnb, we're obviously in 220 countries and regions. We're one of the most global brands in the world. But our markets with the highest penetration would be U.S., Canada, Australia, France, and U.K. So those fiv... |
298 | ABNB | 1 | 2,024 | 2024-05-08 16:30:00 | Airbnb, Inc. | 115,705,393 | we've never really focused on optimizing our app from a download perspective. And just to be clear, these numbers were driven organically, not by paid advertising. So it was really just a lot of optimization, different touch points, encouraging people at the right moment to download our app, not being intrusive. We had... |
299 | ABNB | 1 | 2,024 | 2024-05-08 16:30:00 | Airbnb, Inc. | 115,705,393 | Mark Mahaney: Thank you, Brian.
Ellie Mertz: Brian, if I could just add, I think the app download effort is really just part of our broader priority around perfecting the core and optimizing the core business. We identified that not as many of our guests were using the app as they should. And we know that the app is a ... |
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