Ken Gawrelski

talk a little bit more about your hosts and their reception as you continue to roll out new cities with hotel supply

can you talk about early learnings from the AI search experience? What are the early learnings?

Will it look more like Booking where you're searching for lodging and there will be both homes and hotels all co-mingled?

could you talk a little bit about your vision for loyalty and how that spans across the different products and services

I wanted to just press a little bit more, Brian, on the idea of reaccelerating the business

do you anticipate -- there's -- it seems like there's going to need to be a choice made whether to be open to agents

Do you expect maybe more flexibility in ADRs and room night prices on Airbnb's relative to hotels in a period of weaker consumer spending

How should we think about that fixed versus variable component in 2026 and beyond?

How does that RPO number and the massive expansion there impact your outlook for future capacity?

as you consolidate your B2B operations, what opportunities to invest might emerge in B2B?

would you expect to see maybe more volatility or more variability in ADRs on alternative accommodations relative to hotels

if you're seeing that behavior already and you expect that throughout the year

Any early take you could give us on the balance between investments and margins beyond '26

could you provide some color on what you see in the cohort data that gives you the confidence in continued robust core U.S. restaurant growth

could you just talk a little bit more about entering into some of these markets in a number two or number three position

how you see the Dasher supply environment and how you think it may evolve throughout the year?

Could you speak, please, to the roadmap for the next 10, 12 to 24 months?

There's been some changes on the search side, SEO has been called out from many companies in the consumer landscape. Could you just talk about what you're seeing there first

were there any meaningful changes in customers or partners either in 1Q or as you look into the second quarter?

Could I want to stick on the B2B side. You talk about any kind of concentration or any specific drivers that is driven that continues to drive the robust growth you see there?

could you talk about the evolving kind of competitive dynamics, maybe as some would characterize it as a bit more mature.

how would you assess the forecasted returns on compute capacity investments in '27 compared to prior years

could you speak about how your verticalized capabilities enable you to navigate a complicated supply chain

do you see future use cases where certain consumer use cases are more effectively monetized via subscriptions

how you are evolving your views on the monetization of AI search activity

what gives you confidence that it will also grow the addressable market for marketing activity

clarify your back half outlook

should we think of these as distinct experiences

how should we think about the future monetization opportunity of Gemini

Is that a demand or supply comment? Meaning, are you suggesting that META plans for internal use of all the capacity

how much visibility do you think you have to kind of the growth trajectory on the core business? You continue to grow at basically double the pace of the industry

You talked about health and wellness and shopping. Can I dive a little bit -- ask you to dive a little deeper into the latter on the shopping and commerce side.

how critical is it for Meta to have a leading general-purpose model or is there a sufficient capability in a model that really excels at specific use cases?

Could you talk about are you seeing any signs of diminishing returns to those investments? And do you think do you have visibility beyond '26 into further opportunities there?

as you think about with the -- hopefully, a leading frontier model next year in hand, could you talk about where you think the value will accrue in this evolving ecosystem? Will it be with the plat...

How should we think about the timing of AI capabilities necessary to drive WhatsApp for business adoption in higher cost -- higher labor cost labor markets?

What does the revised CapEx outlook for this year for '25 mean about future years? Does it mean anything, or you talked about this being an acceleration

Could you talk a little bit about the constraints you're seeing or where you're seeing constraints, either internally resources planning or externally

as we think about future needs for hiring, could you just give us a sense of how we should think about that? You announced the performance-related reductions earlier

how much tech investment beyond just kind of sales and go-to-market, but more tech investment might be necessary

could you talk about the trends there, what you're seeing from an impression basis?

when you expect to see some of these longer-term benefits-- the longer term retention benefits filtering into

how much visibility do you have kind of beyond the first quarter into content schedules and releases?

are you worried at all a little bit about more concentration in certain types of genre games

Could you talk about where you are with the Google partnership on the advertising side, the implementation time line

could you talk a little bit about the status of the Shopify partnership

what are you hearing from developers about the cost and the time to develop new game features

can you speak to whether self-serve has become a meaningful part of that advertiser count expansion yet or when it may become meaningful?

Could you just give us a -- please -- a bit more color on both U.S. versus international and kind of logged out versus log in.

could you talk about the progress you've made maybe in the back half of '24 and initiatives maybe you have in place in '25 and '26 to grow that advertiser count

can you talk about the key milestones maybe over the next 12 to 18 months to really accelerate adoption

any particular categories that you're seeing or geographies that you're seeing changes in performance?

When do you see software-enabled AV solutions as a scale commercial option

could you talk about the impact potentially on mobility margins in the second half of this year and beyond