Kevin Kopelman

What are some of the benefits you're seeing from that change? And could you see Airbnb moving all of its hosts over to that structure longer term?

How are you thinking about that for 2026? Should we expect that those -- the focus for next year are the initiatives you've already been discussing today

your first thinking on the 1 to 2 major product launches for 2026, key focus areas

Given FX, the guide seems to point to softer ADRs for Q2, how much of that is geo mix versus softening within the key regions

Could you give us an update on how you're thinking about advertising services in your priority list as you're rolling on new businesses?

could you just clarify for the second quarter, how large you expect the impact to be there kind of on a like-for-like versus that 200 basis points you saw in the first quarter

I was just going to follow up on the cautiousness, if you were seeing any broader kind of cautiousness behavior among your consumers outside of the region

Could you talk about your B2B initiatives in the U.S. that you mentioned and maybe globally

Can you comment on any trends you've seen in U.S. behavior, if any, as you move further away from what seem like peak macro concerns

how broadly and in what ways your suppliers are engaging with the Genius program, particularly with the Tier 2 and Tier 3 Geniuses

you mentioned that you're expecting leverage this year. Could you give us more color there on the trends you're seeing

Could you give us your updated thoughts on your interest or lack of interest in larger M&A deals given recent activity in the space

how you think about incrementality, how you got comfortable, especially in the U.S. with the incrementality of that deal

Could you touch on the key growth drivers in B2B and the latest trends you're seeing there?

how you're thinking about share repurchases your philosophy there. And then with the re institution of the dividend

Can you touch on how you would characterize current underlying leisure transient trends after you strip out any calendar changes?

Have you seen any consumer behavior change at all kind of reacting to the higher airfares in North America