Topic

ABNB

A collection of 35 issues

Why I am going to utilize options more to manage my portfolio

Back in 2021, I once responded to someone on X (formerly twitter) why I didn’t want to engage in trading options. While that choice sounded “wise” to me, reality hit me in 2022. As you can see here, I came to 2022 with a significant exposure to big tech

Airbnb 2Q'26: Widening the Gap with Booking

Airbnb reported an acceleration in nights and seats (N&S) booked, adding 14 million (+10%) N&S YoY which was the highest since 3Q’23. More importantly, Airbnb guided low double digit N&S growth even for 3Q’26 which indicates a likely sustained acceleration in the

Airbnb’s Cost of Market Creation and Regulatory Survival

Airbnb is one of those rare marketplaces that derive supermajority of its demand organically and hence, they have the privilege of mostly not needing to pay Google et al for traffic. However, Airbnb appears to have a different “recurring” expense to keep their business growing: field operations and policy expenses

Airbnb's Fintech Opportunity

Airbnb first launched its guest travel insurance product in 2022. Then in 4Q’22 call, Brian Chesky mentioned that the guest insurance product was available in 8 countries and the product had been “really, really successful”. However, Airbnb didn’t quite provide much detail about the product’s trajectory until

Airbnb's Incentives

On X, I often come across some version of a stock performance chart showing how Airbnb has performed since its IPO which has been largely flat for more than five years now! It looks particularly unflattering when you compare and contrast to its closest peer: Booking Holdings. Generally speaking, these

Airbnb's Soul Search Beyond Homes

Programming Note: I am going to take a Summer Break for a couple of weeks. I am actually traveling to Bangladesh to spend some time with family after three and half years. I expect to start posting daily on June 8th onward. Yesterday, Booking CEO Glenn Fogel appeared on JP

Airbnb 1Q'26: Growth Acceleration Despite War Headwind

Airbnb reported +15% (FXN) revenue growth in 1Q’26 which was its highest topline growth over the last eight quarters. It is particularly impressive given the the backdrop of Iran war. Airbnb mentioned growth accelerated from January to February but then experienced a “slight deceleration” in March due to cancellation

Thoughts on Last Week

Programming Note: I will take tomorrow off as I have some family commitment. I will be back on Monday. Ouch! Last week was quite terrible for MBI portfolio. I will share some thoughts on how I am thinking through the portfolio behind the paywall. In addition to “Daily Dose” (yes,

Why AI Is Unlikely to Kill OTAs

Online Travel Agency (OTA) stocks such as Booking and Expedia both reacted very positively yesterday after The Information reported OpenAI’s retreat from direct checkouts. From The Information: OpenAI is scaling back its plan to introduce shopping directly inside ChatGPT, marking a change in its high-profile effort to put

Booking vs Airbnb's 4Q'25, Booking's Response to Existential Question

Now that both Booking and Airbnb reported its 4Q’25, I will first compare and contrast their respective quarter through different KPIs. Then I will discuss some key takeaways from the call behind the paywall. In addition to “Daily Dose” (yes, DAILY) like this, MBI Deep Dives publishes one Deep