Follow the chain left → right, from inputs to end demand. Tap any company to trace its links.
Raw inputs
Equipment
Foundry
Chip design
Software
AI demand
—
Company details
Market cap
$79B
P/E ratio
31×
Revenue (2025)
$12.2B
Rev. growth
+10%
Gross booking value
$91B
Nights & seats (2025)
533M
Hosts
~5M
Free cash flow
~$4B
In plain English
Airbnb is an asset-light marketplace: it owns almost no property, and instead matches roughly 5 million hosts who list spare rooms, homes and increasingly experiences and services against travellers worldwide, taking a service fee on each booking. It runs on Amazon's AWS cloud, clears money through payment processors, and competes with Booking.com, Expedia and hotels — while regulators in big cities are a standing risk to its supply.
In simple terms
A marketplace that owns almost nothing
Airbnb sits in the middle: hosts supply the homes, AWS supplies the computing, payment processors move the money, and Google sends the searchers. Airbnb's job is to match and take a fee — it owns no hotels.
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