Subtext

Airbnb, Inc. ABNB

SectorConsumer Discretionary
Transcripts18
Date range2021-02-25 – 2025-05-01
Calls charted18

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-19-9+0+9+192020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q4 · Overall: +10.92021 Q1 · Overall: +6.62021 Q2 · Overall: +16.42021 Q3 · Overall: +11.02021 Q4 · Overall: +9.82022 Q1 · Overall: +11.02022 Q2 · Overall: +11.52022 Q3 · Overall: +11.62022 Q4 · Overall: +13.52023 Q1 · Overall: +12.82023 Q2 · Overall: +13.22023 Q3 · Overall: +11.52023 Q4 · Overall: +10.72024 Q1 · Overall: +9.22024 Q2 · Overall: +5.52024 Q3 · Overall: +7.92024 Q4 · Overall: +11.42025 Q1 · Overall: +7.3
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-29-15+0+15+292020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q4 · CEO: +11.62021 Q1 · CEO: +7.72021 Q2 · CEO: +17.82021 Q3 · CEO: +14.52021 Q4 · CEO: +10.62022 Q1 · CEO: +10.22022 Q2 · CEO: +16.32022 Q3 · CEO: +12.12022 Q4 · CEO: +12.92023 Q1 · CEO: +12.62023 Q2 · CEO: +12.72023 Q3 · CEO: +13.92023 Q4 · CEO: +17.02024 Q1 · CEO: +11.52024 Q2 · CEO: +11.02024 Q3 · CEO: +9.32024 Q4 · CEO: +16.52025 Q1 · CEO: +14.52020 Q4 · CFO: +22.52021 Q3 · CFO: +17.12021 Q4 · CFO: +16.02022 Q1 · CFO: +20.92022 Q3 · CFO: +25.42024 Q1 · CFO: +11.22024 Q2 · CFO: +5.42024 Q3 · CFO: +15.12024 Q4 · CFO: +11.42025 Q1 · CFO: +10.4
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-38-19+0+19+382020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q4 · Prepared remarks: +19.82021 Q1 · Prepared remarks: +18.52021 Q2 · Prepared remarks: +26.22021 Q3 · Prepared remarks: +20.22021 Q4 · Prepared remarks: +15.62022 Q1 · Prepared remarks: +16.52022 Q2 · Prepared remarks: +17.72022 Q3 · Prepared remarks: +15.72022 Q4 · Prepared remarks: +17.32023 Q1 · Prepared remarks: +10.22023 Q2 · Prepared remarks: +13.92023 Q3 · Prepared remarks: +33.42023 Q4 · Prepared remarks: +22.32024 Q1 · Prepared remarks: +19.02024 Q2 · Prepared remarks: +24.22024 Q3 · Prepared remarks: +20.52024 Q4 · Prepared remarks: +26.72025 Q1 · Prepared remarks: +20.42020 Q4 · Q&A responses: +12.22021 Q1 · Q&A responses: +6.72021 Q2 · Q&A responses: +18.32021 Q3 · Q&A responses: +12.52021 Q4 · Q&A responses: +10.22022 Q1 · Q&A responses: +11.92022 Q2 · Q&A responses: +15.02022 Q3 · Q&A responses: +12.62022 Q4 · Q&A responses: +16.72023 Q1 · Q&A responses: +16.62023 Q2 · Q&A responses: +14.72023 Q3 · Q&A responses: +10.12023 Q4 · Q&A responses: +14.22024 Q1 · Q&A responses: +9.32024 Q2 · Q&A responses: +5.82024 Q3 · Q&A responses: +8.92024 Q4 · Q&A responses: +11.32025 Q1 · Q&A responses: +9.6
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-1.85$1.73$5.312020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32020 Q4: $-0.872021 Q1: $-1.362021 Q2: $-1.092021 Q3: $-0.052021 Q4: $0.872022 Q1: $1.442022 Q2: $2.192022 Q3: $2.472022 Q4: $2.752023 Q1: $3.452023 Q2: $3.732023 Q3: $4.102023 Q4: $4.492024 Q1: $4.532024 Q2: $4.822024 Q3: $4.49

Forward P/E

13.97110.25206.542020 Q42021 Q32022 Q22023 Q12023 Q42024 Q32021 Q4: 193.262022 Q1: 108.542022 Q2: 46.232022 Q3: 51.392022 Q4: 34.162023 Q1: 32.902023 Q2: 33.552023 Q3: 35.322023 Q4: 32.182024 Q1: 36.392024 Q2: 30.592024 Q3: 27.25

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2021 Q3 tone ↓ -5.4 fwd EPS ↑ +1.04 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q2 tone ↓ -3.7 fwd EPS ↑ +0.29 Tone cooled even as the forward EPS estimate rose.
  • 2024 Q3 tone ↑ +2.5 fwd EPS ↓ -0.32 Tone rose while the forward EPS estimate was cut.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+7.3——View →
2024 Q42025-02-13+11.4——View →
2024 Q32024-11-07+7.9$4.4927.2View →
2024 Q22024-08-06+5.5$4.8230.6View →
2024 Q12024-05-08+9.2$4.5336.4View →
2023 Q42024-02-13+10.7$4.4932.2View →
2023 Q32023-11-01+11.5$4.1035.3View →
2023 Q22023-08-03+13.2$3.7333.5View →