Mostly Borrowed Ideas Deep Dives, MBI Deep Dives

MBI Deep Dives

Mostly Borrowed Ideas Deep Dives

MBI is the abbreviation for “Mostly Borrowed Ideas”. Why “Mostly Borrowed Ideas?” As a generalist, I do not have a background in any particular sector. I enjoy navigating across industries, businesses, and countries to learn, understand, and connect the dots. In any case, most ideas and innovations are incremental in nature. Very few of us are smart enough to come up with truly original or groundbreaking ideas. I am Abdullah Al-Rezwan. I was born and brought up in Bangladesh. I went to University of Dhaka for my undergrad and majored in Finance. After working three and half years in Equity Research (Sell-side) covering Financial Sector in Bangladesh, I left Bangladesh to pursue my MBA in the US. I graduated within top 10% of the class from Cornell University's two-year MBA program and worked on the buy-side following my graduation. During my time at Cornell, I won two stock pitch competitions and also became finalists in four other competitions. I thoroughly enjoyed my stint as a generalist in the US large cap team at Madison Investments and covered a wide range of companies from UnitedHealth to Amazon and Boeing before US immigration reality paused my career in investment management. As my work authorization expired, I moved to Canada in January, 2021. Then in early 2022, I was able to return to the US.

Equity Bottom-Up

<ul><li>Yesterday, Booking CEO Glenn Fogel appeared on JP Morgan Annual TMT Conference.</li><li>On the same day, Brian Chesky from Airbnb released their annual summer release.</li><li>Both companies are increasingly encroaching into each other’s territories, so it was interesting to hear them both on the same day.</li></ul>Both CEOs wanted to establish the long-term resilience of travel demand. It is a common observation among investors that travel demand is highly discretionary in nature, and hence can be vulnerable to near-term macro uncertainties.

Yesterday, Booking CEO Glenn Fogel appeared on JP Morgan Annual TMT Conference.On the same day, Brian Chesky from Airbnb released their annual summer release.Both companies are increasingly encroaching into each other’s territories, so it was interesting to hear them both on the same day.Both CEOs wanted to establish the long-term resilience of travel demand. It is a common observation among investors that travel demand is highly discretionary in nature, and hence can be vulnerable to near-term macro uncertainties.

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>The recent financial performance of Airbnb for the fourth quarter of 2025 reveals a mixed outlook, balancing solid growth metrics with some challenges.</li><li>The company's revenue increased by 12% year-over-year to $2.8 billion, surpassing expectations and demonstrating strong market demand.</li><li>The gross booking value rose 16% year-over-year to $20.4 billion, signifying a resurgence in the hospitality sector post-pandemic.</li></ul>

The recent financial performance of Airbnb for the fourth quarter of 2025 reveals a mixed outlook, balancing solid growth metrics with some challenges.The company's revenue increased by 12% year-over-year to $2.8 billion, surpassing expectations and demonstrating strong market demand.The gross booking value rose 16% year-over-year to $20.4 billion, signifying a resurgence in the hospitality sector post-pandemic.

Airbnb & The Olympics Effect: How Mega Events Are Quietly Fueling Supply Growth!

<ul><li>Airbnb's latest quarterly results for the third quarter of 2025 demonstrated a robust financial performance, marked by a 10% increase in revenue year-over-year, amounting to $4.1 billion, and achieving an all-time high adjusted EBITDA exceeding $2 billion.</li><li>Gross booking value grew by 14%, while nights and seats booked increased by 9%, largely driven by strong performance in the U.S. market.</li><li>However, the results weren't solely driven by top-line growth; they also highlighted significant strategic advancements and operational improvements.</li></ul>

Airbnb's latest quarterly results for the third quarter of 2025 demonstrated a robust financial performance, marked by a 10% increase in revenue year-over-year, amounting to $4.1 billion, and achieving an all-time high adjusted EBITDA exceeding $2 billion.Gross booking value grew by 14%, while nights and seats booked increased by 9%, largely driven by strong performance in the U.S. market.However, the results weren't solely driven by top-line growth; they also highlighted significant strategic advancements and operational improvements.

Airbnb: What Hundreds of Platform Enhancements Say About Its Global Domination Plans!

New Zealand Professional Investment Services Firm, Forsyth Barr

Forsyth Barr

New Zealand Professional Investment Services Firm

We are proud to be a New Zealand owned firm, with 21 offices throughout the country and over 300 employees. We assist personal, institutional and corporate clients providing a full range of investment services.

Forsyth Barr is a foundation New Zealand Exchange firm (NZX) and accredited market participant. We have been confirmed by the Financial Markets Authority as a Qualifying Financial Entity (QFE).

Research is the cornerstone of our advice. We have one of New Zealand's leading teams of analysts. Our global affiliations ensure comprehensive research coverage of all major investment markets.

<ul><li>The September 2026 quarter was mixed for NZX-listed technology.</li><li>On balance, the NZX IT Index finished the quarter broadly flat.</li><li>We remain constructive on NZ large cap tech, with VGL, SKO, and GTK all OUTPERFORM.</li></ul>

The September 2026 quarter was mixed for NZX-listed technology.On balance, the NZX IT Index finished the quarter broadly flat.We remain constructive on NZ large cap tech, with VGL, SKO, and GTK all OUTPERFORM.

Forsyth Barr Technology Digest Edition 16—Muse-ing on Markets

Podcast on In-depth Business Talks, Speedwell Research

The Synopsis

Podcast on In-depth Business Talks

Speedwell Research

Speedwell Research spends hundreds of hours researching public businesses each month and in "The Synopsis" they share their key learnings. Most business podcasts are superficial and assume their listeners are unsophisticated. In contrast, The Synopsis trusts listeners are interested in learning about complex, industry-specific issues, so long as they are explained clearly. We cover businesses from inception to current day, coupling business analysis and an investors lens. Start listening today to become a better analyst and investor.

Thematic (Sector/Industry)

<ul><li>Stock market rally gains momentum after news of upcoming summit between Trump and Xi Jinping, supported by inflation data.</li><li>Netflix reports higher revenue and profit in 3Q, driven by subscriber gains, record ad sales, and price increases.</li><li>Netflix continues to be a leader in streaming, emphasizing advertising revenue and confident in future growth with advances in AI.</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Stock market rally gains momentum after news of upcoming summit between Trump and Xi Jinping, supported by inflation data.Netflix reports higher revenue and profit in 3Q, driven by subscriber gains, record ad sales, and price increases.Netflix continues to be a leader in streaming, emphasizing advertising revenue and confident in future growth with advances in AI.This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Briefing. Netflix's Shift in Focus, Intel Shows Signs of Life, Could Yelp Save Airbnb's Services?...

United States

Airbnb, Inc. operates an online marketplace for travel information and booking services. The Company offers lodging, home-stay, and tourism services via websites and mobile applications. Airbnb serves clients worldwide.

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Airbnb (ABNB US)

Airbnb's Soul Search Beyond Homes

Yesterday, Booking CEO Glenn Fogel appeared on JP Morgan Annual TMT Conference. On the same day, Brian Chesky from Airbnb released their annual...

MBI Deep Dives

Airbnb & The Olympics Effect: How Mega Events Are Quietly Fueling Supply Growth!

The recent financial performance of Airbnb for the fourth quarter of 2025 reveals a mixed outlook, balancing solid growth metrics with some...

Baptista Research

Airbnb: What Hundreds of Platform Enhancements Say About Its Global Domination Plans!

Airbnb's latest quarterly results for the third quarter of 2025 demonstrated a robust financial performance, marked by a 10% increase in revenue...

Baptista Research

Forsyth Barr Technology Digest Edition 16—Muse-ing on Markets

The September 2026 quarter was mixed for NZX-listed technology. On balance, the NZX IT Index finished the quarter broadly flat. We remain...

Forsyth Barr

Briefing. Netflix's Shift in Focus, Intel Shows Signs of Life, Could Yelp Save Airbnb's Services?...

Equities rally as news of Trump-Xi summit boosts investor confidence, while Netflix reports strong revenue growth driven by subscriber gains and ad...

The Synopsis

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