Margins And ProfitabilityMargins will remain pressured in 2025 due to product launches.
Market SentimentThere are lingering doubts due to fears that high rates and high margin imply overearning, that Airbnb offers little performance advantage over travel peers but at a higher multiple, and that there is no platform value, having only executed in one vertical.
Revenue GuidanceManagement guidance of moderating revenue growth to 8-10% in 2Q could disappoint investors.