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.

Equity Bottom-Up

<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!

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><p><em>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.</em></p>

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?...

Equity Long-Short

Mo Aziz

<ul>
<li>We compare the performance of the top-4 global online travel agents (OTA) from the recently concluded 2023 result</li>
<li>All the OTAs recorded strong 2023 and 4Q23, but the forward outlook indicates growth rate is slowing in North America and Europe while Asia is picking up speed  </li>
<li>Trip.com is indeed comparatively most attractive among the big-4 global OTAs; our fellow Smartkarma Insight provider’s conviction is justified</li>
</ul>


We compare the performance of the top-4 global online travel agents (OTA) from the recently concluded 2023 result
All the OTAs recorded strong 2023 and 4Q23, but the forward outlook indicates growth rate is slowing in North America and Europe while Asia is picking up speed  
Trip.com is indeed comparatively most attractive among the big-4 global OTAs; our fellow Smartkarma Insight provider’s conviction is justified


Comparing Performance of Online Travel Agents, Trip.com Is Indeed Attractive

High Quality Stock Setups, Weekly Stock Bull Finder

Weekly Stock Bull Finder

High Quality Stock Setups

Finding high potential stock setups on quality companies

<ul><li>Tech Heavyweights Shouldering the Load- Caution Flags Waving Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.</li><li>As of last Friday’s close, the S&amp;P 500 is up about 2% YTD. However, without the contribution of chip maker Nvidia (NVDA) it would be flat YTD.</li><li>Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.</li></ul>

Tech Heavyweights Shouldering the Load- Caution Flags Waving Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.As of last Friday’s close, the S&amp;P 500 is up about 2% YTD. However, without the contribution of chip maker Nvidia (NVDA) it would be flat YTD.Since the end of 2022, few and fewer big cap tech names are now carrying the overall S&amp;P 500 index performance.

<ul><li>Stickier For Longer? Inflation continues to be top of mind for the Federal Reserve and investors as recent economic data continues to throw a wrench in the market’s previously perceived Fed plans for them to pause and then cut interest rates in the back half of 2023.</li><li>The Fed has hiked interest rates from almost zero to nearly 5% within the past year in response to inflation running at historic highs, and it expects to lift them even higher in the coming months.</li><li>Meanwhile, Fed speakers continue to move the terminal rate goalposts by signaling 5.5% or thereabouts terminal rates will cause the “immaculate disinflation” as if this magical fed funds interest rate level and only at this level will inflation continue to moderate downward.</li></ul>

Stickier For Longer? Inflation continues to be top of mind for the Federal Reserve and investors as recent economic data continues to throw a wrench in the market’s previously perceived Fed plans for them to pause and then cut interest rates in the back half of 2023.The Fed has hiked interest rates from almost zero to nearly 5% within the past year in response to inflation running at historic highs, and it expects to lift them even higher in the coming months.Meanwhile, Fed speakers continue to move the terminal rate goalposts by signaling 5.5% or thereabouts terminal rates will cause the “immaculate disinflation” as if this magical fed funds interest rate level and only at this level will inflation continue to moderate downward.

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.

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

Airbnb (ABNB US)

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

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

Comparing Performance of Online Travel Agents, Trip.com Is Indeed Attractive

Top global online travel agents had strong 2023 results, with Trip.com showing the most attractive performance and growth in Asia while the growth...

Mo Aziz

Weekly Stock Bullfinder - Week of 3/27

Tech Heavyweights Shouldering the Load- Caution Flags Waving Since the end of 2022, few and fewer big cap tech names are now carrying the overall...

Weekly Stock Bull Finder

Weekly Stock Bullfinder - Week of 2/20

The Fed has hiked interest rates from almost zero to nearly 5% within the past year in response to inflation running at historic highs

Weekly Stock Bull Finder

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)

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

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

Comparing Performance of Online Travel Agents, Trip.com Is Indeed Attractive

​Top global online travel agents had strong 2023 results, with Trip.com showing the most attractive performance and growth in Asia while the growth...

Mo Aziz

Weekly Stock Bullfinder - Week of 3/27

Tech Heavyweights Shouldering the Load- Caution Flags Waving Since the end of 2022, few and fewer big cap tech names are now carrying the overall...

Weekly Stock Bull Finder

Weekly Stock Bullfinder - Week of 2/20

The Fed has hiked interest rates from almost zero to nearly 5% within the past year in response to inflation running at historic highs

Weekly Stock Bull Finder

Top global online travel agents had strong 2023 results, with Trip.com showing the most attractive performance and growth in Asia while the growth...