Airbnb Model Update

I first published my Deep Dive on Airbnb three years ago. The stock has been largely flat since then whereas its closest peer Booking’s stock price tripled during the same time. Now that I have started buying Airbnb stock this year, I thought about updating the model and then explain why I consider the risk-reward to be quite attractive here. I will share the model and the rest of my thoughts behind the paywall.

In addition to “Daily Dose” (yes, DAILY) like this, MBI Deep Dives publishes one Deep Dive on a publicly listed company every month. You can find all the 63 Deep Dives here.