Overview

• Airbnb’s second-quarter revenue climbed 13% to $3.1 billion and its $1.03 EPS topped analyst estimates as gross booking value rose 11% to $23.5 billion.
• The home-rental platform unveiled a $6 billion share repurchase program and set third-quarter revenue guidance of $4.02 billion–$4.10 billion, exceeding consensus.
• Expedia Group saw bookings grow 5% to $30.4 billion and revenue jump 6% to $3.8 billion, fueled by its B2B arm and advertising operations.
• Following a rebound in U.S. travel demand, Expedia lifted its full-year gross bookings and revenue growth forecast to 3%–5%, up from 2%–4%.
• Airbnb generated $1 billion of free cash flow in Q2 and held $11.4 billion in liquidity, underpinning its expanded capital return strategy.