Airbnb beats on top and bottom lines for second quarter

What risk factors or potential headwinds did management highlight that could impact future performance? What guidance, if any, has management provided for future quarters and FY2025? What is the projected impact of the earnings beat on the short‑term stock price momentum? How does Airbnb’s Q2 performance compare to its direct competitors in the short‑term rental market? How will the 13% YoY revenue increase influence ABNB's valuation multiples? Are there any notable changes in gross booking nights or average daily rates that could affect future earnings? Will the positive earnings surprise trigger any changes in analyst sentiment or coverage upgrades? What are the implications of this earnings beat for the upcoming R‑D and marketing spend? How will higher than expected revenue affect the company’s cash flow and capital allocation plans? How does the operating expense ratio compare to prior quarters, and is there any sign of margin expansion? Did the earnings beat stem from specific geographic regions or market segments that may have sustainability concerns? Are there any macro‑economic factors (e.g., travel demand, inflation) that could temper the sustainability of this growth?