爱彼迎Airbnb, Inc.（ABNB）2025年第四季度及全年业绩会纪要报告「NASDAQ」（英文版）（20页）.pdf

1、 Corrected Transcript 1-877-FACTSET Total Pages:20 Copyright 2001-2026 FactSet CallStreet,LLC 12-Feb-2026 Airbnb,Inc.(ABNB)Q4 2025 Earnings Call Airbnb,Inc.(ABNB)Q4 2025 Earnings Call Corrected Transcript 12-Feb-2026 1-877-FACTSET 2 Copyright 2001-2026 FactSet CallStreet,LLC CORPORATE PARTICIPANTS A

2、ndrew T.Slabin Vice President-Investor Relations,Airbnb,Inc.Brian Chesky Chairman,Chief Executive Officer&Co-Founder,Airbnb,Inc.Ellie Mertz Chief Financial Officer,Airbnb,Inc.OTHER PARTICIPANTS Richard J.Clarke Analyst,AB Bernstein John Colantuoni Analyst,Jefferies LLC Lee Horowitz Analyst,Deutsche

3、Bank Research Brian Nowak Analyst,Morgan Stanley&Co.LLC Dae Lee Analyst,JPMorgan Securities LLC Lloyd Walmsley Analyst,Mizuho Securities USA LLC Stephen Ju Analyst,UBS Securities LLC Justin Post Analyst,BofA Securities,Inc.Mark Mahaney Analyst,Evercore ISI Jed Kelly Analyst,Oppenheimer&Co.,Inc.Kevin

4、 Kopelman Analyst,TD Cowen Kenneth James Gawrelski Analyst,Wells Fargo&Co.Airbnb,Inc.(ABNB)Q4 2025 Earnings Call Corrected Transcript 12-Feb-2026 1-877-FACTSET 3 Copyright 2001-2026 FactSet CallStreet,LLC MANAGEMENT DISCUSSION SECTION Operator:Good afternoon,and thank you for joining Airbnbs Earning

5、s Conference Call for the Fourth Quarter of 2025.As a reminder,this conference call is being recorded and will be available for replay from the Investor Relations section of Airbnbs website following this call.I will now hand the call over to Andrew Slabin,Vice President of Investor Relations.Please

6、 go ahead.Andrew T.Slabin Vice President-Investor Relations,Airbnb,Inc.Good afternoon,and welcome to Airbnbs fourth quarter of 2025 earnings call.Thank you for joining us today.On the call,we have Airbnbs Co-Founder and CEO,Brian Chesky;and our Chief Financial Officer,Ellie Mertz.Earlier today,we is