Airbnb Gains as ‘Healthy’ Demand Fuels Faster Growth in 2026

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Feb 13, 2026

Guest

Edward Najarian

Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, breaks down Airbnb’s Q4 strength and moves into hotels and experiences. Anurag Rana, technology analyst, explains investor fears that AI could shrink software demand. Nicole D'Souza, internet and software analyst, covers AI’s role in travel booking and OTA vs direct-booking dynamics. Edward Najarian, consumer finance analyst, looks at Amex’s premium-card economics.

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INSIGHT

Fragmented Supply Is A Strong Moat

Airbnb's fragmented supply creates a durable moat that's hard to replicate even with new AI-driven UIs.
Scale and host network are the toughest parts to disrupt for marketplaces.

INSIGHT

Scale Wins In Advertising Allocation

Smaller ad platforms like Pinterest and Snap lose ad dollars when Meta ramps up spend and guidance.
Scale advantages let Meta capture disproportionate advertiser budgets, pressuring niche players.

INSIGHT

AI Threat Targets Terminal Value

AI fear centers on the terminal value of many software firms potentially collapsing over years, not immediate demand drops.
Investors are re-evaluating valuations by business model and stickiness rather than short-term financials.

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Market news and in-depth company research.

Bloomberg Intelligence hosted by Paul Sweeney and Scarlet Fu

-Mandeep Singh, Global Tech Research Head at Bloomberg Intelligence, discusses recent earnings.
Airbnb shares rose after the company posted strong fourth-quarter bookings and issued an upbeat revenue outlook, citing strong travel demand and growing adoption of its new flexible payment and booking options.
Also, Pinterest shares fell by the most in more than three years after the company projected current-quarter sales that fell short of Wall Street estimates, the latest in a rocky period marked by layoffs and a pivot toward artificial intelligence products.

-Anurag Rana, Bloomberg Intelligence Technology Analyst, discusses why software companies are facing pressure amid concerns that AI will erode demand.
According to Bloomberg Intelligence: The top 2-3 companies in each industry could retain their ranking given high domain-expertise, brand and their ability to spend aggressively in embedding AI (intelligence) across their products, assuming they have access to all the frontier models.

-Nicole D'Souza, Bloomberg Intelligence Internet and Software Equity Analyst, discusses travel earnings.
Expedia shares tumble despite the online travel company reporting the fastest fourth-quarter revenue growth in three years and first-quarter sales and gross bookings view above Wall Street estimates. TripAdvisor shares fell to a 10-month low intraday after the online travel company reported adjusted earnings per share for the fourth quarter that fell well short of the average analyst estimate.

-Edward Najarian, Bloomberg Intelligence Consumer Finance Analyst, discusses research on American Express. According to Bloomberg Intelligence: American Express' focus on attracting new premium cardholders should help it meet consensus EPS growth of 14-15% in 2026-27, with stronger fee economics likely overlooked by investors noting its 4Q decline in US new-card acquisitions and 16% rise in customer-engagement expenses tied to high-fee cards.

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