Bookings accelerated to 16% growth in nights and seats, and Airbnb raised its full-year outlook to high-teens revenue growth. One caveat on the EPS beat: a lower tax provision flattered the year-over-year comparison.
Latest Activity
Airbnb just authorized another $12 billion in buybacks, roughly 17% of its $70.7 billion market cap, stacked on top of existing programs. That is one of the largest repurchase commitments relative to size in travel right now.
- ABNBAirbnb Inc. Class A Common Stock (ABNB)Sell$250K – $500KSep 21
- OKTAOkta, Inc. (OKTA)Sell$1M – $5MSep 21
The federal government's top HR official cleared out as much as $5.5 million of tech holdings in a single day, with the Okta stake alone running up to $5 million. Kupor came to OPM from venture capital, and these sales look like ethics-driven divestment. The filing took 33 days to reach the public.
- ABNBAirbnb Inc. Class A Common Stock (ABNB)Sell$1M – $5MAug 21
- Figma Common StockSell$15K – $50KAug 21
- IOTSamsara Inc. Class A Common Stock (IOT)Sell$1M – $5MAug 21
- OKTAOkta, Inc. (OKTA)Sell$100K – $250KAug 21
- PINSPinterest, Inc. (PINS)Sell$100K – $250KAug 21
OPM Director Scott Kupor cleared out five tech positions in a single day on August 21, with the Airbnb and Samsara stakes each worth as much as $5 million. The sales look like ethics-driven divestiture from his venture background, and they only became public 64 days after he filed.
Booking's $197 billion in annual gross bookings is the single biggest prize if AI agents start handling trip planning and checkout, and that repricing debate is already hitting travel names.
More than $400B in bookings are spent each year across the leading OTAs. Booking: $197 billion Expedia: $127 billion Airbnb: $100 billion How will AI agents change this? $BKNG $EXPE $ABNB https://t.co/hDpMVywwwT
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Mad Money w/ Jim Cramer 9/29/26
- Cramer says the 30-year Treasury yield is the highest in 24 years, with over 40% of S&P 500 names in a bear market
- Public backlash against AI and data centers is the new narrative risk that could make October ugly
- Goldman Sachs called the most beaten-down of a caller's bank ideas alongside Capital One and BNY Mellon
- Interviews with Meta's Dina Powell McCormick on its AI agent Muse and BWX Technologies on its new long-term strategy
Cramer's message: public perception is now the AI trade's problem, and he thinks that plus long-end yields sets up a rough October. He still wants Goldman Sachs on weakness, calling it the most beaten-down of the bank names raised by a caller.
Travel took the worst of Wednesday's close, with Expedia down 7.72% and Airbnb close behind at 7.56%. Software ran the other way: Palo Alto Networks led all gainers at 4.87%, with Palantir back near $192.
A 4.9% slide knocks roughly $3 billion off Airbnb's market value in a single session. Moves this size are rare here, and bulls now need to reclaim the open.
A 4.75% intraday slide to $161.55 takes roughly $3 billion off Airbnb's market value in a single session. Moves this size are rare for a $67.8 billion travel name, so the close matters more than usual.
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