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Analyst
Trevor Young
Period: Reporting periods mapped to calendar 2024 Q4 – 2026 Q1 (6 quarters).
- Questions
- 20on tracked calls
- Challenge rate
- 20%4 of 20 questions
- Companies
- 6questioned 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 20 of 20 questions from 6 companies
GDDYGoDaddy9 questions · 6 reporting periods · 3 of 9 challenging
Calendar 2026 Q1
is there a particular shape of the bookings curve to be mindful of? 1Q implicitly the low point, but will 2Q step all the way back up to where rev growth is
Show response
Mark confirmed bookings growth should be at or above revenue growth rates for both Q2 and the remainder of the year. Direct and clear.
buybacks here in 1Q well below free cash flow generation and the 95% payout stat that you've given. Meanwhile, cash at kind of the highest level since middle of '21
Show response
Mark pointed to long-term track record rather than any single quarter, reaffirming buybacks as strong lever for shareholder returns. Direct.
Calendar 2025 Q4
Second quarter in a row here with modest sequential growth, but still trending down year-on-year. As we look into '26, should we expect momentum to build here?
Show response
Mark acknowledged sequential growth while maintaining focus on $500+ cohort with near perfect retention. Aman confirmed go-to-market evolution is a tailwind.
Was that specific to Core Platform and the new 1-year domain dynamic? Or is that more broadly that you're seeing shorter contract commitments
Show response
Mark explained domain term length has carryover effect on attached products in initial orders. Direct and clear.
Calendar 2025 Q3
Was that at the higher end, the above $10,000 domains that tend to be more lumpy and tougher to predict?
Show response
Mark confirmed strong high-value transactions returned plus continued strength at lower levels. Honest about lumpiness. Direct.
Is there a bit of a shift here where you're going to have more of that experimentation going forward, more small groups going out to create new features quickly
Show response
Aman confirmed shift to teams of 3-5 with 90% AI-generated code, using Airo.ai as testing surface before scaling to GoDaddy.com. Direct and enthusiastic.
Calendar 2025 Q2
Is there a change here in thinking on whether you want to be a registry versus a registrar? Or is this just a one-off related to that specific country code?
Show response
Mark confirmed .CO exit was profitability-driven one-off, not strategic shift. H2 margin comps harder but on track for 33% exit. FCF raise driven by strong cohort performance.
Calendar 2025 Q1
What needs to go right from here for that to play out? Is it just lapping that last divestiture
Show response
Aman reframed around high-intent strategy while acknowledging lapping actions will create comparable base for positive growth. Gross margin expansion attributed to favorable product mix.
Calendar 2024 Q4
On the EBITDA margin guide, one Q implying about two-part points expansion year on year, meanwhile, only committing to hundred bps for the full year.
Show response
Mark explained front-loaded efficiency gains in 2024 and continued investment in marketing/product innovation. Heading toward 33% by 2026. Direct response.
EXPEExpedia Group4 questions · 3 reporting periods · 0 of 4 challenging
Calendar 2025 Q4
Was that largely a B2B dynamic outside of the U.S.? Or are you seeing some of that in B2C domestically?
Show response
Ariane confirmed supply growth benefits both B2C and B2B through one connection model. On Tickets acquisition, said it will be run by B2B leader but expertise will benefit B2C as well.
Calendar 2025 Q1
can you speak a bit more to that in terms of size, in terms of either number of employees impacted or potential savings
Show response
Scott detailed 4% employee and 7% contractor reduction. Expected $75 million EBITDA benefit over next three quarters. Some reinvested in lower-cost locations and strategic initiatives.
Can you speak to your own efforts and experiences? Is that something that you're increasingly focused on or an area of investment
Show response
Ariane framed activities as attach strategy for Brand Expedia's complete trip offering but declined to share specific investment plans.
Calendar 2024 Q4
do you view using some of those applications as a potential customer acquisition channel, for Expedia. Whether you'd be a supply partner
Show response
Ariane outlined three AI buckets: improving products, showing up in Gen AI search, and partnering with AI travel startups. On Despegar acquisition, said it doesn't change LatAm perspective.
ABNBAirbnb2 questions · 2 reporting periods · 0 of 2 challenging
Calendar 2025 Q3
What are some of the remaining pain points that you see that still need more work either from a guest or a host perspective?
Show response
Brian identified payment flexibility, quality control (9 hotel guests per 1 Airbnb guest, quality is top concern), pricing tools for hosts, and maps/location as key areas. Ellie added affordability and value remain vast road map opportunities.
Calendar 2025 Q2
should we interpret that to mean there are no other launches this year? Or is there $50 million earmarked for something
Show response
Ellie said range refined to $200M with more visibility, no strategy change. Seats booked currently immaterial; historical breakout not provided. Intent is to scale to material contribution.
BKNGBooking Holdings2 questions · 2 reporting periods · 1 of 2 challenging
Calendar 2025 Q4
Should this return to double-digit growth territory on a room night basis if you expect stronger top line for total overall company
Show response
Glenn declined to guide on alt-accom growth specifically but reaffirmed its strategic importance; Ewout cited 8% supply growth with faster US expansion and 8.6M listings.
Calendar 2025 Q3
do you foresee competitive intensity picking up over the next 2 to 3 years
Show response
Glenn acknowledged intense competition from Trip.com in Asia and AI tools but argued BKNG's scale, data, engineering talent, and multi-vertical ecosystem create net advantages.
MELIMercadoLibre2 questions · 2 reporting periods · 0 of 2 challenging
Calendar 2025 Q3
should we expect the same seasonal dynamics to play out in the coming quarters, such that 4Q should be up sequentially before we step down again in 1Q
Show response
Osvaldo explained NIMAL decline was mostly from Argentina funding cost increases, not seasonal. Brazil credit card approaching majority profitable volume. Argentina card will require investment.
Calendar 2025 Q2
Just to be clear, the entire credit card business is now NIMAL breakeven? Or was that a comment around some subset of the business
Show response
Osvaldo clarified NIMAL breakeven is Brazil-specific. Mexico not yet breakeven. Argentina card launch will be initially negative but expected to reach breakeven within a few years.
SHOPShopify1 question · 1 reporting period · 0 of 1 challenging
Calendar 2025 Q3
How do merchants get ramped onto campaigns? How do the economics work? And what do you foresee as the revenue opportunity from that initiative over the next few years?
Show response
Harley shared strong adoption metrics with 9x budget commitment growth and 4x merchant adoption growth. Strategy is to reinvest ad gains back into scale, with new AI-powered ranking improvements showing early performance gains.
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 |
|---|---|---|
| GDDY GoDaddy | 9 | 33%3 of 9 questions |
| EXPE Expedia Group | 4 | 0%none of 4 questions |
| ABNB Airbnb | 2 | —Rate withheld: fewer than 3 questions |
| BKNG Booking Holdings | 2 | —Rate withheld: fewer than 3 questions |
| MELI MercadoLibre | 2 | —Rate withheld: fewer than 3 questions |
| SHOP Shopify | 1 | —Rate withheld: fewer than 3 questions |
- GDDYGoDaddy · 9 questions33%3 of 9 questions
- EXPEExpedia Group · 4 questions0%none of 4 questions
- ABNBAirbnb · 2 questions—rate withheld: under 3 questions
- BKNGBooking Holdings · 2 questions—rate withheld: under 3 questions
- MELIMercadoLibre · 2 questions—rate withheld: under 3 questions
- SHOPShopify · 1 question—rate withheld: under 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 | 2 | 50%1 of 2 questions | 2 |
| 2025 Q1 | 3 | 0%none of 3 questions | 2 |
| 2025 Q2 | 3 | 0%none of 3 questions | 3 |
| 2025 Q3 | 6 | 17%1 of 6 questions | 5 |
| 2025 Q4 | 4 | 25%1 of 4 questions | 3 |
| 2026 Q1 | 2 | 50%1 of 2 questions | 1 |
- 2024 Q42 questions · challenge rate 50% (1 of 2 questions) · 2 companies
- 2025 Q13 questions · challenge rate 0% (none of 3 questions) · 2 companies
- 2025 Q23 questions · challenge rate 0% (none of 3 questions) · 3 companies
- 2025 Q36 questions · challenge rate 17% (1 of 6 questions) · 5 companies
- 2025 Q44 questions · challenge rate 25% (1 of 4 questions) · 3 companies
- 2026 Q12 questions · challenge rate 50% (1 of 2 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Revenue Growth7
- Margin5
- Competitive Dynamics4
- Demand3
- Product Launch3
- Innovation & R&D3
- Cloud & AI3
- Subscriber Growth2
- Credit2
- Cost Pressure2
Show all 13 topics
- Capital Allocation1
- Pricing1
- Capex Investment1