Airbnb, Inc. (NASDAQ:ABNB) Bernstein's 40th Annual Strategic Decisions Conference Call May 30, 2024 2:30 PM ET
Company Participants
Ellie Mertz - Chief Financial Officer
Conference Call Participants
Richard Clarke - Bernstein
Richard Clarke
Great. Well, good afternoon, everybody, and thanks for joining us here for the 2:30 session. For those who don't know me, I'm Richard Clarke, I'm the analyst that covers the global hotel and leisure sector. I'm absolutely delighted to be joined by Airbnb's CFO, Ellie Mertz. Thanks for joining us.
For anyone who hasn't managed to stay on one of these sessions by this stage of the conference, just a reminder that any questions you'd like me to include into my questions, please put them in the Pigeonhole, and I'll include them. As long as they're not kind of customer feedback on an Airbnb property, I can probably include them into my listings.
Question-and-Answer Session
Q - Richard Clarke
Some of you probably were there yesterday, but I pitched Airbnb as my best idea -- one of the best ideas on Tuesday, apologies. What I said is that this is a company that everyone should love, right? It just been up an 18% revenue growth quarter, margins are in the mid-30%s, converting more than 100% of that EBITDA into free cash flow, and then beginning to talk about optionality that could grow faster than that. So, why do you think -- not everyone does sort of love maybe Airbnb on the investment side. What do you think is maybe misunderstood at this point?
Ellie Mertz
Everyone doesn't love us?
Richard Clarke
I do.
Ellie Mertz
Okay.
Richard Clarke
Don't look at me.
Ellie Mertz
Well, first, thanks for having me. I think there's a couple of components about our core business that people probably don't fully appreciate. I think it's hopefully
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