"Kelly argues that Hotels expansion broadens Airbnb's addressable market beyond short-term rentals, while RNPL lowers booking friction for younger travelers. AI-powered search is improving conversion, with global rollout planned through 2026."
"Airbnb posted full-year 2025 revenue of $12.24 billion, up 10%, with net income of $2.51 billion and free cash flow of $4.61 billion. Q4 2025 revenue grew 12% to $2.78 billion, beating consensus by 2%."
"The FIFA partnership spans three countries, 16 cities, and over 100 matches, while Reserve Now Pay Later has reached 70%+ adoption in the U.S."
Jed Kelly upgraded Airbnb stock to Outperform with a $180 price target, citing product initiatives such as Hotels expansion, Reserve Now Pay Later, and AI search. These factors are expected to drive revenue growth that is not fully reflected in current estimates. The stock is currently near $142, with the new target above the consensus of $148.19. The FIFA World Cup 2026 is seen as a significant catalyst for growth, particularly for North American host cities, while Airbnb remains less exposed to oil-supply shocks affecting business travel.
Read at 24/7 Wall St.
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