Airbnb reported second-quarter revenue of $3.10 billion, up 13% from a year earlier and ahead of analysts’ $3.03 billion estimate. Diluted earnings per share came in at $1.03, comfortably topping the $0.93 consensus, while net income rose 16% to $642 million. Adjusted EBITDA increased to $1.04 billion, giving the company a 34% margin versus 32% expected. Operating metrics also improved. Gross booking value grew 11% to $23.5 billion and nights and experiences booked rose 7% to 134.4 million, helped by double-digit growth in Latin America and Asia-Pacific. Management said travel demand strengthened through July despite macro uncertainty, but noted that North America continues to expand only at a low-single-digit pace. For the third quarter, the company projects revenue of $4.02 billion to $4.10 billion, implying roughly 8%–10% growth and exceeding Wall Street’s midpoint forecast. Executives cautioned, however, that tougher year-over-year comparisons late in the quarter and into the fourth quarter will curb growth rates, and reiterated plans to invest about $200 million this year in new businesses such as services and experiences. Airbnb’s board approved a new share-repurchase program of up to $6 billion, bringing total authorizations since 2022 to $7.5 billion. The stock slid roughly 8% in after-hours trading as investors weighed the robust quarter against the company’s warning of slower momentum later in the year.