TMTB: ABNB EXPE AKAM SQ First takes

ABNB +6% looks solid with rev/nights beat and guide for accelerating growth while room night guide is good enough

More strength out of travel this earnings season (EXPE also beat). Should be good enough as some had expected a lighter Q4 guide given hurricane impact, but overall nights guide looks fine and EBITDA solid

3Q GBV $20.1bn vs. Street $19.803bn
3Q Nights and Experience Booked 122.8 vs. street est. 121 and inline/above bogeys
3Q Revenue $3.732bn vs. Street est. $3.718bn (guide $3.67-$3.73bn)
3Q Adj EBTIDA $1.958bn vs.Street est. $1.860bn

4Q Revenue guide $2.39bn-$2.44bn vs.Street $2.423bn
4Q Nights growth guide higher y/y growth vs. Q3 in line with street
2024 Adj EBITDA guide 35.5% vs. Street est. 35.3%

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EXPE +7% looks solid so far with rev miss but better nights and bookings, along with an EBITDA beat

Q4 guide comes on the call