Market ExpansionAirbnb maintains an Outperform rating based on strategic growth priorities and a long runway with only 6% market penetration in short-term accommodation.
Revenue GrowthRevenue grew 10% YoY to US$3.7bn in 3Q24, reaching the top end of the company’s guidance, driven by strong summer travel demand.
User EngagementAirbnb's recent product updates are showing positive early signals, with features like Guest Favorites contributing to significant bookings and user engagement.