Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Analyst
Steve Ju
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q2 (7 quarters; questions recorded in 6).
- Questions
- 11on tracked calls
- Challenge rate
- 0%none of 11 questions
- Companies
- 4questioned at least once
- Reporting periods
- 6with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 11 of 11 questions from 4 companies
ABNBAirbnb4 questions · 4 reporting periods · 0 of 4 challenging
Calendar 2025 Q4
can we revisit the halo effect that you might have seen following the Paris Olympics and how that might have helped you
Show response
Brian said Paris Olympics added 40K listings that continued hosting, reset policy relationships, and showed cities Airbnb as a solution. World Cup across 3 countries covers Toronto and Mexico City. Ellie said incremental spend goes to marketing (programmatic + go-to-market for supply acquisition) and product development for accelerated innovation.
Calendar 2025 Q2
the bigger picture of what the itinerary can evolve into will be interesting
Show response
Brian outlined AI roadmap: customer service first (15% reduction in human contacts), then travel search, eventually AI-native app. Every top-50 app will need to become AI-native.
Calendar 2025 Q1
it does sound like we should be thinking more about transaction growth versus things that you are doing to capture a greater portion
Show response
Brian confirmed volume growth > monetization as priority. Network effect and international expansion most important. Host monetization opportunity exists but not near-term focus.
Calendar 2024 Q4
how long it typically takes for one of these efforts to localize in any given country you know, it takes to come together
Show response
Ellie explained timelines vary by market: Brazil scaled in 2 years with brand marketing, Japan starting from lower base will take longer. Investment split across marketing and product development.
APPApplovin Corp4 questions · 3 reporting periods · 0 of 4 challenging
Calendar 2026 Q2
as they spend money on the platform, they're nowhere near hitting that sort of efficient frontier of ROAS ceilings
Show response
Adam said mid-market is the current sweet spot; the long tail will follow as data density and model sophistication build. Direct.
Calendar 2026 Q1
can you talk about how easily transportable your current efforts will be to some of the other verticals?
Show response
Adam laid out supply expansion from IAP games ($7.5B publisher opportunity) and demand expansion into lead gen verticals (auto insurance, fintech, food delivery). Comprehensive strategic answer.
Calendar 2025 Q4
can you help us think about how much more supply there can be with perhaps new publishers and what existing publishers who already accept that can think about doing?
Show response
Adam said conversion rates could rise from current levels to 5% on confident impressions. 1B daily users are under-monetized relative to Meta's audience. Ecommerce diversity will improve targeting across all categories.
is that part of the market in addressable right now? Or is that something that might be in the road map in the future?
Show response
Adam said APP targets all performance-based advertisers (transactional and lead gen) but not brand advertisers optimizing for awareness. Focus on helping small businesses scale rather than servicing Madison Avenue agencies.
BKNGBooking Holdings2 questions · 2 reporting periods · 0 of 2 challenging
Calendar 2026 Q2
I'm just wondering at Booking, like what you're seeing in terms of your pace of product development
Show response
Glenn and Ewout described broad internal AI benefits across coding, customer service and workflows, with Ewout citing cost-aware model routing and positive ROI.
Calendar 2024 Q4
when we can start seeing, I guess, noticeable impact to either the top or bottom line
Show response
Ewout pointed to flat S&O expenses as a percentage of gross bookings despite merchant growth as evidence, and cited $150M transformation savings partially from AI efficiencies.
EBAYeBay1 question · 1 reporting period · 0 of 1 challenging
Calendar 2024 Q4
if there is an opportunity for you to capture some share of the economics that they might be generating
Show response
Jamie declined to discuss specific partner economics but highlighted Klarna's impact on AOV (3-4x higher) and broader financial services synergies including eBay Balance driving zero-cost-of-payments transactions.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| ABNB Airbnb | 4 | 0%none of 4 questions |
| APP Applovin Corp | 4 | 0%none of 4 questions |
| BKNG Booking Holdings | 2 | —Rate withheld: fewer than 3 questions |
| EBAY eBay | 1 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2024 Q4 | 3 | 0%none of 3 questions | 3 |
| 2025 Q1 | 1 | 0%none of 1 question | 1 |
| 2025 Q2 | 1 | 0%none of 1 question | 1 |
| 2025 Q3 | No questions recorded | — | — |
| 2025 Q4 | 3 | 0%none of 3 questions | 2 |
| 2026 Q1 | 1 | 0%none of 1 question | 1 |
| 2026 Q2 | 2 | 0%none of 2 questions | 2 |
- 2024 Q43 questions · challenge rate 0% (none of 3 questions) · 3 companies
- 2025 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q21 question · challenge rate 0% (none of 1 question) · 1 company
- 2025 Q3No questions recorded
- 2025 Q43 questions · challenge rate 0% (none of 3 questions) · 2 companies
- 2026 Q11 question · challenge rate 0% (none of 1 question) · 1 company
- 2026 Q22 questions · challenge rate 0% (none of 2 questions) · 2 companies
Topics
Topics tagged on this analyst’s questions.
- Competitive Dynamics4
- Revenue Growth4
- Demand3
- Cloud & AI3
- Innovation & R&D2
- Geographic Expansion2
- Capex Investment2
- Product Launch1
- Pricing1
- Margin1