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Airbnb, Inc. (NASDAQ:ABNB) announced that Chief Technology Officer Aristotle Balogh has notified the company of his decision to depart from his current role in December 2025. According to a statement released in a press release and filed with the Securities and Exchange Commission, Mr. Balogh has agreed to remain with Airbnb in an advisory non-executive capacity through at least February 2026 to assist with the transition and provide other services.
The company expressed its appreciation for Mr. Balogh’s seven years of service and leadership as Chief Technology Officer. No further details regarding his future plans or a potential successor were disclosed in the filing.
The information is based on a press release statement included in Airbnb’s Form 8-K filed with the SEC on Friday.
In other recent news, Airbnb Inc . reported a 9% year-over-year increase in Nights and Experiences Booked for the third quarter, surpassing analyst expectations. The company also saw a 14% rise in gross bookings, exceeding consensus estimates by 3.5%, while maintaining profit margins above 50%. Following these results, Bernstein SocGen Group reiterated its Outperform rating with a $165 price target, and UBS raised its price target to $147, highlighting Airbnb’s innovation, including the "Reserve Now, Pay Later" feature. DA Davidson also maintained its Buy rating with a $155 target, reflecting confidence in Airbnb’s growth trajectory. Meanwhile, Citizens reiterated a Market Perform rating, noting potential growth catalysts like deeper AI integration and expansion into independent hotels.
In contrast, Booking.com faced challenges as Google announced new direct booking capabilities within its AI travel planning features. These developments could impact online travel agencies by positioning Google as a potential competitor in the booking space. Google’s "Canvas" AI travel planning tools, now available to U.S. desktop users, integrate pricing and availability content, posing a new dynamic in the travel industry landscape.
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