The stock traded around $148 in February after strong Q4 earnings, with revenue up 17% year-on-year. Analysts project 12–15% growth in booking volumes for 2024, driven by international travel recovery and flexible work trends. However, competition from Vrbo and rising regulatory scrutiny in major cities could pressure margins. Despite these strengths, Airbnb faces margin pressures and slowing earnings. Net income declined from $4.79 billion in 2023 to $2.65 billion in 2024, while EPS fell from $7.24 to $4.11, driven by non-operating items, fading tax tailwinds, and share-based compensation dilution. Valuation remains elevated, with a P/E of 32x and EV/EBITDA of 28x, pricing in expectations of continued EPS growth that may not materialize given the maturing platform model. Consensus projects only 11% EPS CAGR through 2027, suggesting limited upside relative to current market pricing. “As we prepare to welcome the FIFA World Cup to New York City, it’s essential that every neighborhood and every borough is included. Sports is more than entertainment, it can also be a powerful force for community building, youth development, and social change. It brings people together across cultures and backgrounds, instills values like teamwork and perseverance, and creates opportunities both on and off the field. By creating new soccer spaces and inviting community groups into the heart of the celebration, Airbnb and New York New Jersey Host Committee is helping foster the next generation of athletes, leaders, and dreamers.” Growth in mobile app engagement—where over 80% of bookings occur—signals strong user retention. This digital strength enhances revenue visibility, making investing in Airbnb attractive for tech-centric portfolios seeking hospitality exposure.