Airbnb, Inc. (ABNB) Q4 2025 Earnings Call

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WEBVTT 00:00:00.470 -- 00:00:05.655 Good afternoon, and thank you for joining Airbnb's earnings conference call for the fourth 00:00:05.655 -- 00:00:11.019 quarter of 2025. As a reminder, this conference call is being recorded and will be available 00:00:11.019 -- 00:00:16.344 for replay from the investor relations section of Airbnb's website following this call. 00:00:16.344 -- 00:00:20.608 I will now hand the call over to Andrew Slavin, Vice President of Investor Relations. 00:00:20.608 -- 00:00:23.008 Please call ahead. 00:00:23.931 -- 00:00:29.748 Good afternoon, and welcome to Airbnb's fourth quarter of 2025 earnings call. 00:00:29.748 -- 00:00:34.635 Thank you for joining us today. On the call, we have Airbnb's co-founder and CEO, Brian 00:00:34.635 -- 00:00:39.042 Chesney, and our chief financial officer, Ellie Mertz. 00:00:39.042 -- 00:00:43.689 Earlier today, we issued a shareholder letter with our financial results and commentary 00:00:43.689 -- 00:00:48.196 for our fourth quarter of 2025. These items are also posted on the investor relations 00:00:48.196 -- 00:00:53.324 section of Airbnb's website. During the call, we'll provide some brief opening 00:00:53.324 -- 00:00:57.170 remarks and then spend the remainder of time on Q&A. 00:00:57.170 -- 00:01:01.261 Before I turn it over to Brian, I'd like to remind everyone that we'll be making forward-looking 00:01:01.261 -- 00:01:05.347 statements on this call that involve a number of risks and uncertainties. 00:01:05.347 -- 00:01:09.413 Actual results may differ materially from those expressed or implied in the forward-looking 00:01:09.413 -- 00:01:14.040 statements due to a variety of factors. These factors are described under forward-looking 00:01:14.040 -- 00:01:17.946 statements in our shareholder letter and...