Daily Brief United States: Airbnb , Apple , Instacart, Compass Diversified Holdings, Check Point Software Tech, Air Products & Chemicals, Inc, Datadog , Conocophillips, Marvell Technology , Nike and more

• 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.

• Apple Inc.’s recent earnings call for Q4 Fiscal Year 2025 presents a mixed yet enlightening perspective on the company’s performance and outlook.
• Apple reported revenue of $102.5 billion, marking an 8% increase year-over-year, a record for the September quarter.
• This growth was significantly driven by the Services segment, which achieved an all-time revenue record of $28.8 billion, up 15% from the previous year.

• Instacart’s recent earnings call highlighted several key aspects of the company’s performance and strategic outlook.
• The company reported robust growth in its core marketplace, enterprise technology offerings, and advertising ecosystem during the third quarter of 2025.
• This positioning is underpinned by a focus on customer satisfaction through product affordability, enterprise expansion, and advertising innovations.

• Compass Diversified is navigating a significant operational and reputational crisis following the discovery of pervasive fraud at its subsidiary, Lugano, necessitating a full restatement of financial statements for fiscal years 2022 through 2024.
• The company’s diversified model, with eight other subsidiaries remaining operational and cash-flow positive, provides a potential buffer against the isolated incident at Lugano, though the event has exposed significant governance and oversight weaknesses.
• Financial performance has been weak, characterized by negative net income and deteriorating operating and free cash flows over the past three years, raising concerns about the sustainability of its historically attractive dividend.

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• Check Point Software Technologies Ltd. recently reported strong financial performance for the third quarter amid rising demand across their cybersecurity portfolio.
• The company demonstrated robust growth, with calculated billings up 20% year-over-year, fueled by disciplined execution and heightened demand.
• Revenue increased by 7% to $678 million, exceeding guidance expectations.

• Air Products and Chemicals, Inc. reported its fiscal year 2025 fourth-quarter results, reflecting a nuanced performance with both advancements and challenges.
• For the year, earnings per share reached $12.03, slightly above the midpoint of their full-year guidance.
• This suggests the company met its commitments despite facing a challenging economic environment.

• Datadog reported a strong financial performance in Q3 2025, marked by significant revenue growth and a substantial increase in customer adoption.
• The company’s revenue reached $886 million, reflecting a 28% increase year-over-year, driven by robust customer acquisition and expansion among existing clients.
• Notably, new logo annualized bookings more than doubled year-over-year, indicating growing interest and adoption of Datadog’s platform.

• ConocoPhillips’ third-quarter 2025 results reflect a solid performance marked by strategic shifts and ongoing projects that could influence future financial outcomes.
• The company reported production of 2,399,000 barrels of oil equivalent per day, surpassing the upper limit of its guidance and generating $1.61 per share in adjusted earnings.
• Operational efficiency is evidenced by decreased capital expenditures at $2.9 billion, and robust cash flow from operations amounting to $5.4 billion.

• Marvell Technology Inc.’s latest financial results for the third quarter of fiscal year 2026 highlight both strengths and challenges that would inform an investment thesis.
• Marvell reported record revenue of $2.075 billion, marking a 37% year-over-year growth and a 3% sequential increase.
• This growth was primarily driven by the data center segment, which saw a substantial 38% year-over-year growth due to robust demand for Artificial Intelligence (AI) products.

• NIKE, Inc.’s first-quarter fiscal 2026 results indicate a company in the midst of a transformative phase, focusing intently on its ‘Win Now’ actions aimed at revitalizing the brand across various dimensions.
• Elliott Hill, NIKE’s President and CEO, emphasized the efforts to realign approximately 8,000 employees under the new ‘Sport Offense’ strategy, intending to identify sharper consumer and athlete insights to fuel innovation and brand differentiation.
• This strategic shift is aimed at enhancing focus across NIKE’s three core brands: NIKE, Jordan, and Converse, with a significant emphasis on product development and market positioning by sport.