Topic

ABNB

A collection of 32 issues

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

Airbnb 4Q'25 Update

Programming Note: I will be traveling with my family for the next three days. Hence, I will take some time off, but will be back on Tuesday next week. Earnings for most internet or SaaS stocks these days appear to be just another event for these stocks to go further

Spotify's Teachable Moments

Spotify launched its premium subscription plan back in 2009 and it took them nearly a decade to reach the milestone of 100 million premium subscribers back in 1Q’19. It took them 16 quarters to add the next 100 million premium subscribers. As they are set to reach 300 million

Some thoughts from last week

Phew! What a week. I will share some 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 64 Deep Dives here. Subscribe