Overview
- Airbnb reported second-quarter results on Thursday that topped forecasts with EPS of $1.37 and revenue of about $3.6–3.61 billion.
- Nights and seats booked accelerated 10% to 148.3 million, a surge the company tied to first-time bookers and a World Cup demand boost in North America.
- Executives raised full-year revenue growth to at least the mid-teens and lifted adjusted EBITDA margin guidance to at least 35.5% because of stronger bookings and operating leverage.
- The company said AI and faster product development cut time-to-delivery by as much as 60%, raised feature output by roughly 80%, and lowered customer-support cost per booking by about 16%.
- Airbnb repurchased $1.1 billion of stock in the quarter and produced roughly $1.25–$1.3 billion in free cash flow while expanding hotels and services where hotel nights grew nearly three times faster than homes.